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 HAS NOT STARTED LIFTING OUR PETROL, SAYS DANGOTE GROUP. (PHOTO).

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 NNPC has not started lifting our petrol, says Dangote Group


Dangote Group says the Nigerian National Petroleum Company (NNPC) Limited has not commenced lifting of premium motor spirit (PMS), also known as petrol, from its refinery.

In a statement on Thursday by Anthony Chiejina, chief branding and communications officer of Dangote Group, the company said it is yet to finalise its contract with the NNPC.

“We would like to state that NNPC has not commenced lifting of refined Premium Motor Spirit (PMS), commonly known as petrol, from our Dangote petroleum refinery,” the company said.

“Therefore, the issue of fixing the price of petrol lifted from our refinery does not arise, as we are yet to finalise our contract with NNPC.”

Dangote Group said the petrol market is strictly regulated, and as such, the company can not determine, fix or influence the product price which falls under the purview of relevant government authorities.

The group assured Nigerians of high-quality petroleum products, which will be available across the country.

On Tuesday, Aliko Dangote, chairman of Dangote Industries Limited, officially announced the commencement of petrol production at his refinery.

This is coming months after its initial announcement to begin production of the commodity.

On May 18, Dangote said the refinery would commence petrol production in June, adding that Nigeria would not have to import the product again, however, production was postponed.

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