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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IMO GOVT APPROVES THE INVESTMENT OF $200M FOR THE ESTABLISHMENT OF ORASHI ELECTRICITY COMPANY . (PHOTO). #PRESS RELEASE

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 IMO GOVT APPROVES THE INVESTMENT OF $200M FOR THE ESTABLISHMENT OF ORASHI ELECTRICITY COMPANY 


The Imo State Government, under the leadership of His Excellency, Distinguished Senator Hope Uzodimma, has approved a $200 million investment for the establishment of the Orashi Electricity Company. 


The Governor announced this during the inauguration of members of the Electricity Regulatory Commission and the House of Assembly Service Commission, stated that the investment, secured through private partners, will be entirely funded by these partners, with no financial contribution or borrowing required from the state. 


Expressing his confidence in the power project, the Governor said that Imo State will soon experience 24-hour steady power supply in all the Local Government Areas, with the Orashi Electricity Company Limited fully activated to light up Imo come January 2025. 


He emphasized that the key to the economic boast of a state starts from a steady power supply, highlighting that the project is expected to create numerous job opportunities, stimulate local businesses, and improve the overall quality of life for residents. 

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