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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FUBARA SIGNS EXECUTIVE ORDER TO ESTABLISH RIVERS STATE INVESTMENT PROMOTION AGENCY. (PHOTO).

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 Fubara Signs Executive Order To Establish Rivers State Investment Promotion Agency


Rivers State Governor, Siminalayi Fubara, on Monday signed Executive Order Number 2, 2024, to establish the Rivers State Investment Promotion Council.


The State Attorney General and Commissioner for Justice, Dagogi Iboroma, presented the draft order to Governor Fubara for his assent at the executive council chamber in Government House, Port Harcourt.


In his remarks, Governor Fubara said that this action aligns with the recommendations of the committee that organized the State Economic and Investment Summit in May.


He emphasised the importance of having a one-stop shop for investors to make inquiries and receive advice on investments.


Governor Fubara said the initiative demonstrates his administration’s commitment to enhancing the state’s economic landscape.


He announced that the agency’s board will be formed in the coming days and expressed optimism about attracting robust investments in agriculture and healthcare.


According to him, the tension being faced in the country will reduce by 70% if the cost of living is drastically reduced.

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