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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EFCC NOT PART OF ANY FAAN BRIBE.{READ].

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Image result for efcc                   The attention of the Economic and Financial Crimes Commission,,EFCC has been drawn to a report entitled , 'N3b Found in FAAN MD's Bank Accounts Sparks Discontent Over His Clearance By EFCC and Shabby Running Of The Agency',W=which appeared in the online news portal,Saharareporters,on Monday October 3,2016 with claims that the Managing Director of the Federal Airports Authority of Nigeria {FAAN},Mr Saleh Dunoma was cleared of corruption allegations by the Commission after paying bribe to unnamed officials of the EFCC and the Ministry of Transport.The EFCC is scandalized by this report which is capable of raising doubts in the mind of the public regarding the integrity of the agency.As an agency that has zero tolerance for corruption,the Commission views with seriousness issues of integrity and has repeatedly asked those with evidence of corruption among the ranks of its officers to come forward,which in this case should have included the names of the officers allegedly involved,and the time and place where they collected the alleged gratification.Bout there was no such evidence in the report which to all Intent and purposes appears contrived.For the avoidance of doubt,the EFCC wishes to state that at no time did it issue any clearance to any managing director of FAAN,which makes the story specious.The Commission urges the media to be a little circumspect in their reportage.
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