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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I'M CAUTIOUS IN CONSIDERING DELIBERATE ATTEMPTS TO SABOTAGE DANGOTE REFINERY.-ATIKU.{

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 I’m cautious in considering deliberate attempts to sabotage Dangote Refinery – Atiku


Former Vice President Atiku Abubakar says he’s being cautious in considering any deliberate attempts to impede the progress of the Dangote refinery.


Atiku urged Nigerians to take resolute actions to provide reassurance that both internal and external forces are not collaborating to prevent the nation from reaping the benefits of the refinery.


“Each parent eagerly awaiting the arrival of a child will dutifully undertake the necessary measures to ensure that the nurturing and development of this precious blessing remain a primary focus. This fundamental principle applies equally to investments, whether they be local or international in nature.


“With this understanding, I am cautious in considering any deliberate attempts to impede the progress of the Dangote Refinery, a significant private sector project positioned to meet our energy and forex needs.


“Alongside numerous fellow citizens of goodwill, I call upon all Nigerians to take resolute actions to provide reassurance that both internal and external forces are not collaborating to prevent us from reaping the benefits promised by this eagerly anticipated transformative endeavour,” Atiku posted on X.


The statement comes after Dangote Refinery said it is yet to receive 26 million barrels of crude allocation facilitated by the Nigerian Upstream Petroleum Regulatory Commission, NUPRC.


NUPRC had claimed it facilitated 26 million barrels of crude oil allocation to Dangote Refinery in the first quarter of 2024.


However, Dangote Refinery said that NUPRC had only facilitated the purchase of one crude cargo from a domestic producer.


“Aside from the term supply we bilaterally negotiated with NNPC, so far NUPRC has only facilitated the purchase of one crude cargo from a domestic producer. The rest of the cargoes we have processed were purchased from international traders,” Dangote Refinery stated.


The company went on to urge NUPRC to facilitate the implementation of the Petroleum Industry Act.

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