LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE

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 Lagos Court Jails NOGASA Chair, Fatuyi Phillips 21 Years  for N43.5m Fraud    Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Monday, November 18, 2024, convicted and sentenced Fatuyi Yemi Philips, Chairman, Natural Oil and Gas Suppliers Association of Nigeria, NOGASA, to 21 years imprisonment for N43.5m fraud.   The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on April 5, 2022, arraigned Philips alongside his firm, Oceanview Oil and Gas Limited, on a two-count charge bordering on obtaining money by false pretence to the tune of N43, 502,000.00   Count one reads: "Fatuyi Yemi Philips and Oceanview Oil and Gas Nigeria Limited, on or about the 28th day of September, 2016 at Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, obtained the aggregate sum of N43, 502,000.00 from Elochukwu Okoye and Elebana Unique Ventures Nigeria Limited on behalf of WAPCIL Nigeria Limited under the false rep
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AKWA IBOM UNIVERSITY SIGNS DEAL FOR 400-BED SPACE HOSTEL. (PHOTO).

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 A’Ibom varsity signs deal for 400-bed space hostel


The Akwa Ibom State University, located at Ikot-Akpaden, Mkpat-Enin Local Government Area, has signed an agreement for the construction of a 400-bed space hostel to ease accommodation problems in the university.


The project will be financed by the Africa Plus Partners Nigeria Limited in collaboration with the University through its partnership with the Tertiary Education Trust Fund.


The university disclosed the development in a press statement on Sunday.


According to the statement, the Managing Director of Africa Plus Partners Nigeria Limited, Mr Niran Ajakaiye, said his firm would provide 75 per cent of the fund while AKSU will provide the remaining 25 per cent from TETfund.


Ajakaiye, who was represented by Mr Dipo Lawore, explained that the firm would manage the facility for 21 years to recover its investment.


Ajakaiye said the project would be completed within 12 months.


The Vice-Chancellor, Prof. Nse Essien, described the timing of the project as timely, considering the university’s accommodation challenges.

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