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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FG STEPS UP EFFORTS TOWARDS ACCELERATING PRESIDENTIAL CNG INITIATIVE. (PHOTOS). #PRESS RELEASE.

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 PRESS RELEASE 


FG STEPS UP EFFORTS TOWARDS  ACCELERATING  PRESIDENTIAL CNG INITIATIVE



In a bold move to drive economic growth and energy security in the country, the Federal Government has conveyed a high-level meeting with key stakeholders on Monday at the Federal Ministry of Finance Headquarters, Abuja to discuss accelerating the Presidential CNG Initiative (Pi-CNG) with the aim of providing affordable and sustainable energy solutions to Nigerians.


The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, stated that the  initiative aims to provide affordable and sustainable energy alternatives to Nigerians, mitigating the economic impact of recent policy changes.


During the meeting,  HM Edun emphasized the importance of strategic approaches to expedite the implementation of the Pi-CNG. He stressed that effective planning and coordination are crucial to the initiative's success.


Attendees at the meeting included:


- Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu

- Permanent Secretary of the Federal Ministry of Finance, Mrs Lydia Shehu Jafiya 

- CEO of the Ministry of Finance Incorporated (MOFI), Dr. Armstrong Ume Takang as well as the 

- Representatives from the Federal Inland Revenue Service (FIRS)


As the nation navigates recent policy changes, this high-level meeting marked a crucial step towards mitigating economic impact and paving the way for a brighter energy future. It also marks a significant step towards achieving the goals of the Presidential CNG Initiative


Signed

Mohammed Manga, *FCAI*

Director, Information and Public Relations

August 6, 2024.

One more photo below. 


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