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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FED GOVT PARTNERS ATLANTA ON SUNFLOWER, JATHROPHA EXPORT. (PHOTO).

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 Fed Govt partners Atlanta on sunflower, Jathropha export


The federal government of Nigeria, through the office of the Ministry of Women Affairs and Social Development, has entered into a strategic partnership with the City of Atlanta, United States, to cultivate and export Sunflower and Jatropha Curcas.

The collaboration, spearheaded by the ministry’s head, Minister Uju Kennedy-Ohanenye, aims to empower women-owned businesses, alleviate poverty, create jobs, and contribute significantly to Nigeria’s Gross Domestic Product (GDP).

Kennedy-Ohanenye in a statement obtained by The Nation, said the Ministry has secured land space in various dams across the country to facilitate the cultivation of these valuable plants as part of the partnership.

“The realised profits from the project will be shared among participating women entrepreneurs. This initiative is expected to have a transformative impact on the lives of Nigerian women and the nation’s economy,” she said.

The Minister urged Nigerians to seize the significant opportunity presented by the cultivation of sunflower and jatropha curcas.

According to her, “These crops, highly sought after in European and American markets for their diverse applications, demonstrate exceptional growth potential in Nigeria.

“While it takes over seven months to cultivate sunflowers in Europe, they mature in just ten to thirteen weeks in our country.

“Similarly, the jatropha curcas plant, traditionally associated with arid regions, can be harvested in eight months in Nigeria, compared to eighteen months in Europe and America.”

Kennedy-Ohanenye in addition, assured that collective investment in these crops can significantly improve women’s empowerment as well as the nation’s economy.

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