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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EX-GOVERNMENT OFFICIALS,TO RETURN ALL GOVERNMENT PROPERTIES TAKEN AFTER THEIR TENURE.

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                                          According to sources,a committee has been set up by the Federal Government,saddled with the responsibility of recovering government property from former government officials.Mallam Garba Shehu,the Senior Special Assistant to the President on Media and Publicity,confirmed the situation,during a chat with some newsmen in Abuja on sunday ''That is precisely the case,even here at the Villa,there are cars and other property belonging to the government which are yet to be returned.The Buhari's administration will soon begin to demand for the return of these assets.The aim was not to embarrass anyone but to return the properties to government.The properties belong to the Nigerian people.We are not trying to humiliate anyone by asking them to return their cars or houses.Change has come,that is why we have to do things differently now.Imagine how much Nigeria will save by retrieving and re-using these government properties instead of purchasing new ones for new government officials''.

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