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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THE HEAD OF ICT DEPARTMENT IN A BANK,ROBBED THE BANK OF N6.3BILLION.

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EFCC operatives on duty           Godswill Oyegwa,who worked in the Information and Communication Technology {ICT} Department of a bank {name withheld}.He is now on the run because he allegedly conspired with others and hacked into the bank's computers,disbursing the funds to various accounts as they pleased.Godswill hails from Isoko south Local Government Area of Delta state.Mr Wilson Uwujaren,EFCC spokesman said ''They most likely got through to Godswill because he's an IT person in the bank.One saturday,he took the cyber gang to the bank under the pretext that he was going to carry out some maintenance work,allowing them access to hardware,and they commenced to penetrate the banks database.They increased the balances of some accounts,though no culprits have been arrested yet,the matter is still under investigation.The thieves have not withdrawn the entire sum stated,it was in the process of withdrawing some of the money that they were caught.Some of the criminals are being tracked''.

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