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

MAGU WRITES THE SUN NEWSPAPER,SEEKS N5BN COMPENSATION FOR LIBEL.

Image may contain: 1 person, standing               The acting Chairman of the Economic and Financial Crimes Commission,EFCC,Ibrahim Magu,is seeking a N5 billion compensation from the publishers of The SUN newspaper,for ''libelous imputations and statements'' made against him in a story published on the March 25,2017 edition of the Sturday Sun,captioned ''Magu Under Fresh Probe over 2 Abuja Mansions''.
 In a letter dated March 30,2017,sent to the publishers by Magu's solicitor,Wahab Shittu,he noted that the authors of the story-Fred Itua,James Ojo and Lawrene Enyoghasu,''willfully and maliciously made false,destructive,and defamatory statements'' against him.Quoting unnamed sources,the writers of the ''offensive'' report,had maliciously alleged that Magu owned'' two mansions on different streets in highbrow Maitama area of Abuja'',a case which they could not substantiate,and which in fact was false,and nothing but the figments of their imaginations.While further reiterating that ''neither himself nor his wife own any property in Maitama'',Magu in addition to the demand for N5 billion compensation,has charged the publishers to issue a public apology or retraction of the story within the next seven days.They are also to provide ''written assurance within seven days,that you will cease and desist from further defamation'' of Magu's name,integrity,and reputation,''whether the statements are made by you or third party''.Magu further demanded for the ''immediate retraction in writing of these false libelous statements'',within the next seven days,and must be published on the front page of the newspaper,failure of which,''legal remedies including monetary damages,injunctive reliefs,and an order that you pay necessary costs including solicitor's fees for your defamation'',will be taken.
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