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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F.O.B BONNY DISCOVERED 2 COTONOU BOATS LADEN WITH CRUDE OIL ALONG PETER SIDE CREEK.{PHOTO}.

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Image may contain: 1 person, outdoor and water                            The Nigerian Navy has intensified effort in her fight against crude oil theft and illegal bunkering once again.The navy iss winning the war gradually on daily basis,Forward Operating Base {FOB} NONNY anti-crude oil theft patrol team acting on information discovered 2 Cotonou boats laden with product susspected to be crude oil along Peter side Creek,the boats were destroyed along with the products.In a similar operation,another Navy Base,FOB FORMOSO's patrol team has arrested 3 suspected vandals/looters onboard a vessel MT FRANKENSEN,other item recovered were,one speed boat with 1x75 HP ngine,one pumping machine,one Hacksaw and spanners.
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