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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NNPC SET TO TRANSFER WARRI, KADUNA REFINERIES TO PRIVATE OPERATORS. (PHOTO).

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 NNPC set to transfer Warri, Kaduna refineries to private operators


The Nigerian National Petroleum Company Limited (NNPC) has officially announced its plans to seek collaborations with reputable and trustworthy operations and maintenance firms to oversee the operations of the Warri Refining and Petrochemical Company (WRPC) and the Kaduna Refining and Petrochemical Company (KRPC). 


This decision was communicated in a statement released on Friday through the company’s official ‘X’ handle.


"NNPC Ltd is actively seeking partnerships with reputable and reliable Operations & Maintenance (O&M) companies to manage the operations of Warri Refining and Petrochemical Company (WRPC) and Kaduna Refining and Petrochemical Company (KRPC), with the objective of ensuring reliability and sustainability to fulfill the nation's fuel supply and energy security obligations," the statement read.


The Warri Refinery, situated in Delta State was commissioned in 1978, and is a complex conversion refinery with a distillation capacity of 6,250,000 metric tonnes per annum (MTA). It includes a petrochemical plant commissioned in 1988 with production capacities of 13,000 MTA of polypropylene and 18,000 MTA of carbon black.


The Kaduna Refinery was commissioned in 1980 and was initially capable of producing 50,000 barrels per day (opd). Its capacity was expanded in 1983 and further increased in 1986, bringing the current capacity to 110.000 bpd.

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