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

Image
 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

ATIKU'S REMARKS ON LAGOS-CALABAR HIGHWAY POLITICALLY INDUCED-UMAHI. (PHOTO).


 Atiku’s remarks on Lagos-Calabar highway politically induced – Umahi


The Minister of Works David Umahi has stated that former Vice President Atiku Abubakar’s critique of the Lagos-Calabar SuperHighway is driven by cheap political calculations and ambition

Speaking on Wednesday in Abuja through his Special Adviser (Media), Hon. Orji Uchenna Orji, Umahi accused Atiku of spreading misleading analogies to discredit the bidding process that resulted in the awarding of Section 1 of the Lagos-Calabar Coastal Highway project.

Orji said: “I wish to categorically state that such viewpoints are false analogies, conceived by the fertile imaginations of the former Vice President and which are clearly superficial, hypocritical, diversionary, and undoubtedly motivated by ambitious political calculations.”

Orji also responded to claims by Atiku that the contract was awarded to Hitech Construction Company Nigeria Limited because of the personal relationship between the President of Nigeria and the Chairman of Hitech, Chagoury.

He said: “These accusations or rather, viewpoints, are, to say the least, intrinsically superficial, baseless, self-serving and politically motivated to imprint malice in the minds of unsuspecting members of the public, especially the gullible.

“The Honourable Minister of Works, His Excellency, Sen. Engr. Dr. Nweze David Umahi CON, has in different media fora decapitated the insinuations of the former Vice President and other desperate persons when he gave insights into the award process, the unit cost comparisons, the project review dimensions, the demolition notices and compensation plans as well as those affected by the demolition.

“For the avoidance of doubt, th Lagos-Calabar Coastal Highway project complied 100% with the provisions of the Procurement Act and was awarded based on the EPC+ F procurement process, that is to say, the project is an unsolicited bid done on EPC+F.

“Under this model of procurement, the investor provides all the designs, part of the financing and construction, while the FGN pays counterpart funds.

“The bid of the Lagos-Calabar Coastal Highway project came through this process. The Ministry received the bid, worked on it, and sent the same to the Bureau of Public Procurement ( BPP).

“The BPP worked on it in accordance with the stipulations of the Procurement Act and came up with a competitive price slightly lower than the Ministry’s price and even lower than the cost of similar projects awarded five years ago, including the Bodo-Bonny project awarded to Julius Berger Nigeria Plc.”

Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).