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

OUR BEST YET TO COME ,SAYS POWER MINISTER.(PHOTO).


 Our best yet to come, says Power minister


The Minister of Power, Chief Adebayo Adelabu has said despite the marginal improvement being experienced in the Power sector, Nigerians have not yet seen the best of the good the government has in stock.

Describing the improvement in power availability to the people as just a scratch on the surface, he said by the time the government is done with ongoing reforms in the sector, Nigerians will be better for it.

He spoke with reporterswhile giving update on the sector at the weekend.

He said when the reforms are completed households industries and business will enjoy uninterrupted power supply.

Adelabu said: “The update is the improvement that you have all noticed. The update is improvement but you have not seen anything.

This improvement that we are witnessing now, we are just scratching the surface.

“By the time when we are done with all our reform and transformation in the power sector, it would never remain the same again. Nigerians should be ready to enjoy 24/7 power supply.

“Then we said the journey of a thousand mile, start with a single step in the right direction. We are taking the right steps and we are in the right direction and in no time we are going to have a power sector of our dream that the industries, the businesses the households will continue to enjoy uninterrupted power supply.

“But we need patience, we need trust, we need the confidence of the people to believe in those that have been appointed into power and we would not disappoint you, we’ll not disappoint the president, we’ll not disappoint Almighty Allah.”

He also used the opportunity to appeal for support for the President Bola Tinubu-led government saying God has appointed him to lead the country to the new height.

“We all know that God in His infinity mercy has appointed a leader for us in this country to take us to the promised land; to change the lives of Nigerians. What we need to do number one is to continue to pray for this administration, to pray for the captain of the administration President Bola Tinubu, for the Almighty Allah to protect his life, to give him good health, to be able to fulfill his promises for Nigerians.

“He needs prayers. He needs all our prayers. When he is alive, when he has peace within himself, when he is healthy, he will be able to fulfill all his promises.

“Then we need to work hard. He is a hardworking President. That is the example he has shown to all of us that are in his team and we are also following his footsteps. We are working hard to make sure that things change for the better in Nigeria.

“To know that this hardship is temporary and it’s a sacrifice for us to have a permanent benefit of this administration, so that Nigeria can become Nigeria of our dream and he will take us to the eldorado.

“And the last thing I want to say is sacrifice. We need to endure, we need to persevere, we need to believe, have trust and confidence in this government that whatever we are passing through today is for a better tomorrow and I am very confident as a member of the cabinet in this administration, I’m more than convince that the president has good plans for Nigerians and he will leave no stone unturned to ensure everything necessary in all sectors in Agriculture, works, power, Education, health, tourism, culture everything, he is really working hard to make sure that we are back to the committee of nations, that is our right position for us to take it back, Inshallah, and I’m very confident.”

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