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 SUSPENDS AIR NIGERIA PROJECT INDEFINITELY AMIDST IDENTITY CONCERNS. (PHOTO).

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 FG suspends Air Nigeria project indefinitely amidst identity concerns


In a significant turn of events, the Federal Government has taken the decision to suspend the Air Nigeria Airline project indefinitely.


This announcement came from the Minister of Aviation and Aerospace, Festus Keyamo, during a Ministerial briefing held to commemorate the first year of the Tinubu administration.


Keyamo revealed that the decision to suspend the project stemmed from the realization that the airline was not truly a Nigerian entity, but rather an attempt to disguise a foreign airline as a national carrier.


This revelation underscores the government’s perceived commitment to transparency and the protection of Nigeria’s aviation interests.


The suspension of the Air Nigeria project marks a critical development in the nation’s aviation sector and reflects the government’s determination to prioritize the establishment of genuine and sustainable aviation solutions for the country.

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