LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE
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
In furtherance of its avowed commitment to upholding the integrity of its officers,the EFCC,on thursday,September 15,2016 arrested one of its operatives,Uzodinma Kingsley Agbazue for offences bordering on criminal conspiracy and extortion.Agbazue,a Deputy Detective Superintendent,DDS,was arrested following a complaint by a lawmaker currently under investigation by the Commission,alleging that the operative collected N15million from him with a promise to give him soft landing by compromising the investigation.According to the complainant,Agbazue allegedly approached him,claiming he had been mandated by the officer handling the case to discuss and reach an agreement on how to ''kill the case''.Following the approach,a sum of N15million was given to Agbazue whose game plan collapsed after the investing officer,who was ignorant of his scheme,refused to do his bidding.With the investigation gathering increased momentum after partiing with the hefty sum,the complaint became uncomfortable and demanded a refund.The complainant stated that,when he requested for the refund of his money,Agbazue only returned N5million claiming that the balance of N10million had been given to someone ''to kill the case from the top''.The complainant also alleged that the operative collected N1million at a different time as assistance for settlement of his wife's medical bill.Agbazue's action is in contravention of the Commission's mandate and ides as the EFCC will not solicit or accept gratification from a suspect to compromise a case under investigation.The suspect will be subjected to administrative action as precursor to possible prosecution at the end of the investigation.
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