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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PRESIDENT BUHARI SUSPENDS D.G OF NIA TODAY OVER THE MONEY FOUND IN IKOYI RECENTLY.{PHOTOS}.

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Image may contain: one or more people               President Muhammadu Buhari ha suspended the Director General,Nigeria Intelligence Agency,NIA,Ambassador Ayo Oke.His suspension is sequel to his involvement in the humongous find of foreign currencies and naira notes to the tune of $43.4million,27,800 pounds and N23.2 million at in a residential building in the 7th Floor of a four-bedroom apartment at Osborne Towerss located at 16,Osborne road Ikoyi,Lagos.A three man Committee comprising the Hon. Attorney-General of the Federation and Minister of Justice,and the National Security Adviser,headed by the Vice President,is to conduct investigations into the level of his involvement in the cash haul.The Committee is to submit its report to the President within 14 days.The President directed that the most senior officer in the NIA is to act during the period of investigation.More photos below.
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