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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UGANDA SIGNS DEAL WITH UAE TO BUILD THIRD INTERNATIONAL AIRPORT. (PHOTO). #PRESS RELEASE.

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 Uganda signs deal with UAE to build third international airport


Uganda has signed a pact with a business association from the United Arab Emirates to build a new international airport, President Yoweri Museveni's office said on Friday.


The UAE's Sharjah Chamber of Commerce and Industry will build the airport just outside the Kidepo National Park in the northeast near Uganda's border with Kenya, Museveni's office said in a statement, without giving the cost, Reuters reported.


Construction will start in August, said Abdallah Sultan Al Owais, chairman of the Sharjah business body.


The airport will boost tourism by drawing visitors to the 1,442-sq-km (557-sq-mile) Kidepo park known for lions, giraffes, buffaloes and other big game.


The agreement was "a sign of the deepening relations with our Gulf partners and another opportunity to co-operate in investment and trade", Museveni, who witnessed the signing, said in a post on X.

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