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

POST ANSEC BRIEFING OF THE 18TH ANAMBRA STATE EXECUTIVE COUNCIL MEETING HELD ON THE 25TH OF JUNE, 2024 AT ANSEC CHAMBER, AWKA. (PHOTO). #PRESS RELEASE


 POST ANSEC BRIEFING OF THE 18TH ANAMBRA STATE EXECUTIVE COUNCIL MEETING HELD ON THE 25TH OF JUNE, 2024 AT ANSEC CHAMBER, AWKA


Anambra State Executive Council (ANSEC) received two (2) strategic presentations today from external sources. First was a presentation on the framework for the establishment of the Anambra Development and Investment Corporation (ADIC). This was done by CardinalStone and Africa Finance Corporation (AFC). The presentation focused on a comprehensive framework for the transformation of the Anambra State Investment Promotion and Protection Agency (ANSIPPA)  from just an investment agency to one that can begin and grow businesses; raise, manage and invest funds for Anambra State. 


The second presentation was on the blueprint for the development of the Anambra Mixed-use City (AMIC) prepared and presented by representatives from ARTELIA Consulting Engineering Ltd. The proposed location for this project is Orumba North LGA and the aim is to bring the Anambra Industrial ecosystem to an organized setting for accelerated industrial growth. It will be a Private Public Partnership that will see the government provide basic infrastructure for smooth takeoff. 


ANSEC also approved the following contracts for immediate execution:


-- Renovation of 1-storey classroom block and reconstruction of collapsed perimeter fence at Ado Girls' Secondary school, Onitsha for the sum of N48,248,732.26. The contract is awarded to Harriest Millennium Estate Nig. Ltd. 


-- Construction of additional pavilion at the ongoing Ekwulobia stadium complex for the sum of N603,521,409.95. This project will be handled by MO&C International Ltd. 


-- Construction of Internal Roads (Lots 2 & 3) at the new Government House, Awka for the sum of N840,171,708.64 and N941,484,648.61 respectively. This is awarded to Ferotex Construction Company. 


-- Supply of Medical Oxygen Accessories at the Anambra State Oxygen Production Plant for the sum of N50,548,968.75. This contract is awarded to Marigreg Nigeria Ltd. 


*Sir Paul Nwosu*

Commissioner for Information.

June 25, 2024

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