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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4 MAJOR RICE IMPORTING COMPANIES,SEALED UP TODAY BY THE NIGERIAN CUSTOM SERVICE.

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                 Today tuesday,the Nigerian Customs Service {NCS} sealed the warehouses and business premises of four major rice importing firms over N23.6 billion unpaid rice duty and levies.The Public Relations Officer of NCS,Mr Wale Adeniyi,told a news conference in Lagos that the service would also not allow discharge of the companies import in any of the nation'd ports.The companies are Olam {Amuwo Lagos}.Stallion/Popular Foods/Masco Agro {Iganmu,Lagos,Ebony Agro {Wuse,Abuja} and Conti Agro {Victoria Island,Lagos.Adeniyi said that altogether the companies had imported a combined excess of 750,253,03 tonnes of rice,for which the service expected payment of extant duty and levies.The customs spokesman said the service had written the affected companies severally to notify them of their duty liability at normal rate if they exceeded their quotas.'' Similarly,we publish many notices in national newspapers,including where effected importers were mentioned with outstanding paymentsThe importers and their sister or associated companies have been blocked from the Nigeria Integrated Customs Information System {NICIS},thus denying them access to make declarations.All these will be done preparatory to instituting full legal proceeding to compel them {importers} to pay what they owe Nigeria,when the courts are back from recess''.One more photo below.                                                              

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