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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FG ADDS 625MW TO NATIONAL GRID- MINISTER. (PHOTO).

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 FG adds 625MW to national grid – Minister


The Federal Government yesterday  announced the  addition of 625MW of power to the national grid, increasing the grid’s wheeling capacity to 4800MW. .

Special Adviser, Strategic Communications to the Minister of Power, Bolaji Tunji, said this in a statement in Abuja.

Bolaji quoted the Minister of Power, Adebayo Adelabu as saying this at the inauguration of the 63  Mega Volt Ampere (MVA), 132/33 Kilo Volt (KV )mobile station at Ajah, Lagos and at the inauguration of 60MWA, 132/33KV Power Transformer in Birnin Kebbi, Kebbi .

According to the minister, the   pivotal project is a testament  to the Renewed Hope Agenda of President Bola  Tinubu towards transforming the Power sector in the pursuit of reliable and sustainable energy infrastructure for a better Nigeria.

Adelabu said that the mobile substation being inaugurated was a strategic deployment aimed at improving the transmission capacity constraints by over 1300mv across the nation.

He spoke on the significance of the project and other equipment undergoing installation under the Presidential Power Initiative (PPI).

Adelabu said that  the mobile substations equally stands as a beacon of hope for businesses, households reliant on uninterrupted power supply,  stopgap measures during maintenance and emergency.

He commended  the collaborative efforts of the FGN Power Company, the German Government and Siemens Energy whose partnership has facilitated the production and installation of the substations.

 The minister also announced the remote inauguration of a 60MVA power  transformer at Birnin Kebbi, Kebbi .

“Together, these equipment will boost our transmission wheeling capacity by 123mw, thereby paving the way for enhanced electricity supply for all Nigerians”.

”I urge all Nigerians to  safeguard these vital installations against acts of  vandalisation and sabotage,”he said.

Adelabu noted that the success of government initiatives hinges on collective responsibility.

He also called on the management of the Power Company and all stakeholders in the power sector to work with  determination to ensure that the timelines set for projects delivery are  achieved.

“Together, we will embark on a journey towards a brighter future for Nigeria, one powered by innovation, resilience and collective determination”, he said.

Earlier in his remarks, Mr Kenny Anuwe,  Managing Director of FGN Power Company said, ” as Nigeria continues its journey towards energy sufficiency and economic prosperity, initiatives like the PPI.

According to him, this underscores President Tinubu’s unwavering determination to deliver adequate electricity towards unlocking Nigeria’s  full economic potentials.

Anuwe assured  of FGN Power Company’s  commitment in driving progress and delivering tangible improvements in  electricity access for all Nigerians in this transformative era in  Nigeria’s power Sector.

Tunji said that FGN Power was established by the Presidency as a special purpose vehicle (SPV), tasked with implementing the Presidential Power Initiative (PPI) with Siemens serving as the technical partner.

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