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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ETHIOPIAN AIRLINES SIGNS AGREEMENT WITH UAE COMPANY FOR NEW $6 BILLION AIRPORT DESIGN. (PHOTO).

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Ethiopian_Airlines signs agreement with UAE company for new $6 billion airport design


Ethiopian Airlines has signed an agreement with UAE company #Dar to carry out design work for a new mega airport to be constructed near #Bishoftu at a cost of 6 billion USD.


According to local media reports, the company will finalize and submit the design of the airport in one year and will have consultancy role during the construction of the airport which will take five years to finish.


The airport, to be constructed on a 35 square kilometer land, will serve more than 100 million passengers annually upon full completion, and will have a landing and take-off capacity of up to 4 planes at the same time.


Bole International airport currently has the capacity of serving 25 million passengers annually.

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