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 DEATH OF NUNUGWO:THISDAY LIED.-EFCC.

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                           The attention of the Economic and Financial Crimes Commission,EFCC,has been drawn to the editorial of Thisday Newspaper of August 23,2016 titled ''The Death of Citizen Nugugwo''.The attempt by This day to call attention to the unfortunate incident of the sudden death of Nunugwo,a fraud suspect of the EFCC in the said editorial appears salutary,on the surface,as the public deserves to be properly informed on the circumstances leading to his death.The EFCC appreciates this fact,and has never shied away from sharing information regarding the sad occurrence with the public.The need for openness in the handling of the issue partly informed the decision of the Commission to announce the death and provided vivid account of the chain of events before and after his demise in a press statement on June 10,2016 by its spokesperson,Wilson Uwujaren.The EFCC has come clean on this matter and will welcome investigation by any agency as it has nothing to hide.

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