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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EBONYI STATE GOVERNOR'S SON NNANNA,ARRESTED BY THE EFCC.

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            According to sources,Martin Elechi the Governor of Ebonyi state,his son Nnanna Elechi was arrested by the Economic and Financial Crimes Commission EFCC,for money laundering.He was brought to the EFCC head office in Abuja,yesterday thursday morning and his being grilled over allegations of money laundering running into millions of naira.He is alleged to be the face of the family's company that profited from contracts from the state and Local Governments running into millions of naira and which remain un-executed,less than four months to his father's end of tenure.Mr Elechi was yet to be released when the media checked with EFCC sources at 9PM yesterday thursday.

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