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 Nigerian Customs Service Federal Operations Unit Zone C Owerri has continued to record resounding success in its anti smuggling operations in the Zone.The Zone for the month of April made fifteen seizures with duty paid value of N865,529,880.The Unit also recovered underpayments to the tune of N23,304,042.The Customs Area Controller,Comptroller Mohammed Uba who disclosed this in a press briefing in Owerri said that FOU Zone 'C' Owerri has a track record of success in its anti-smuggling operations and his officers have remained unflincj#hing in their resolve to bring smuggling in the area to its barest minimum.Comptroller Uba while further displaying some of the seizures deposited at the government warehouse in Benin Edo State noted that the seizures were made in Benin,Calabar,Enugu and Owerri axis of the Zone.He stated that the commodities seized are of high value hence the huge amount of the duty paid value.He further added that there are commodities in detention and intense investigation is ongoing.Comptroller Mohammed Uba stressed that the Unit does not engage in arbitrary seizure or detention of commodities but exercises due diligence and operates within the full ambits of the law to thwart the efforts of unscrupulous individuals bent on economic sabotage of the nation.''We are not here to intimidate anyone or discourage genuine traders but facilitate trade with a view to generate more revenue for the federal government.Government is ready and willing to assist any citizen willing to undertake legitimate trade''.He disclosed that 21 suspects are in custody and will be charged to court while 25 cases are currently in court.More photos below.
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