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

ON PRESIDENT BUHARI'S ORDER,A COMMITTEE WAS SET UP TO INVESTIGATE WEAPON PROCUREMENT SINCE 2007.

                                                  Nigerian President,Muhammadu Buhari has directed the National Security Adviser to convene an investigative committee on the procurement of hardware and munitions in the Armed Forces from 2007 till now.The investigative committee's mandate is to identify irregularities and make recommendations for streaming the procurement process in the Armed Forces.Accordingly,the National Security Adviser has constituted the Investigative Committee as follows:AVM J.ON.Ode{rtd}-President,R/Adm J.A Aikhomu {rtd}-Member,R/Adm E.Ogbor {rtd}-Member,Brig Gen L.Adekagun {rtd}-Member,Brig Gen M.Aminun-Kano {rtd}-Member,Brig Gen N.Rimtip {rtd}-Member,Cdre T.D Ikoli-Member,Air Cdre U.Mohammed {rtd}-Member,Air Cdre I.Shafi'i-Member,Col A.A.Ariyobi-Member,Gp Capt C.A Oriaku {rtd}-Member,Mr .I. Magu {EFCC}-Member and Brig Gen Y.I Shalangwa-Secretary.The establishment of the investigative committee is keeping with President Buhari's determination to stamp out corruption and irregularities in Nigeria's public service.The committee will specifically investigate allegations of non-adherence to correct equipment procurement procedures and exclusion of relevant logistics branches from arms procurement under past administrations,which very often resulted in the acquisition of sub-standard and unserviceable equipment.It comes against the background of the myriad of challenges that the Nigerian Armed Forces have faced in the course of ongoing counter insurgency operations in the Northeast,including the apparent deficit in military platforms with its attendant negative effects of troops morale.

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