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
The acting Chairman of the EFCC,Ibrahim Magu has raised the alarm over deliberate plots to ruin his reputation by forces that are not comfortable with his campaign to rescue the nation from the vice grip of corruption.The plot are already manifesting in clandestine campaigns of misinformation in the social media intended to impugn his integrity pit him against certain interests both within and outside of government.In the last week or so,the social media has been awash with fictitious reports,all painting an uncanny picture of desperation by Magu over his purported non-confirmation as substantive chair of the EFCC,and of stricture within the rank and file of the EFCC workforce leading to resignations.One of such reports is the one making the rounds in several gossip blogs with the title, ''How EFCC's Magu and Sahara Reporters Peddle Lies to the Media''.The report which is a parody of disingenous investion of falsehood.is the handiwork of mischief makers hell-bent on causing disaffection beyween the Magu-led EFCC and the Executive on one other.The EFCC wishes to put it on record that Mr. Magu does not bully anyone,and has not embarked on any mission aimed at blackmailing ''some highly placed personalities in the countryin the country sch as Emirs,President Muhammadu Buhari's appointees'' or any other individual,lowly or highly placed in the society.The allusion to ''bullying'' and victimization'' of EFCC staff is clearly designed to instigate the staff of the Commission against its leadership as there is no truth in it.For the records,no ''senior EFCC core staff'' has resigned from the Commission and insinuation of mass resignation at the Commission is mere scarmongering.The same applies to the claim that a sensitive unit has been set up in the Commission to ''bug the phone lines'' of some persons.This is mischief taken too far!.Mr Magu who is humbled by the rare privilege to serve the country,says he has no axe to grind with interest.,''I came to the job with an open mind to do my best for my country.My actions are dictated by my professional instinct and the love for my country.It is not personal and I have no issues with anybody''.
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