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 Ohaneze Youth Parliament and Arewa Youth Parliament on April 19,2017 passed a vote of confidence in Ibrahim Magu,the acting Chairman of the Economic and Financial Crimes Commission,EFCC,for the vif=gour he has brought to the operation of the anti-graft agency.Okonkwo Patrick,Speaker of the Ohaneze Youth Parliament,who led a team to the Abuja headquarters of the EFCC,also presented a meritorious Certificate of Credence to the EFCC boss.''The EFCC under the leadership of Ibrahim Magu has recorded tremendous achievements since he assumed office,'' he said.While assuring Magu of the group's support,he said,''the fight against corruption is not just for Magu alone,it is for each and every one off us and we believe that this fight is to secure a positive future''.According to him,''Magu has brought transparency,hard work and accountability in the affairs of the Commission''.He further stressed that ''we are going to reap the benefits of the efforts of the EFCC in ridding the country of corruption;;,He said ,'' The EFCC has not only become a watchdog,it has become a biting dog''.He also commended the Federal Government for the whistle blowing policy,noting that it is yielding positive results.Magu,while appreciating the groups,stressed that the vote of confidence passed on him and the Commission,would further goad the EFCC to remain steadfast in the discharge of its mandate.''I have always emphasized that we do not have the monopoly of knowledge to fight corruption as corruption is a crime against humanity as it affects everybody,so we need to effectively tackle corruption,'' he said.He used the medium to call for more support from Nigerians,stressing that ''we must all united together against the evil called corruption as that is the only way we can ensure,at least the protection of the future of our children and our younger ones''.Magu emphasized that the EFCC remained committed to fighting corruption and ensuring a better Nigeria.''Nobody will stop us from fighting corruption,'' he said.More photos below.
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