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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I DID NOT DESCRIBE THOSE ASKING FOR RESTRUCTURING AS POLITICAL JOBBERS-OSINBAJO.#PRESS RELEASE.

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Related image                         Acting President Yemi Osinbajo, SAN, has expressed surprise at the news report quoting Chief Ayo Adebanjo as saying he described those agitating for restructuring as political jobbers.
At no time did the Acting President say that those asking for restructuring were political jobbers looking for appointments. The video, audio tapes and full text of his speech at the National Security summit organised last week by the Department of State Services, DSS are publicly available.
While several newspapers and media outlets reported Prof. Osinbajo’s said speech last Wednesday, not one of the publications made such a blatantly inaccurate claim that he said those asking for restructuring were political jobbers.
Besides, the debate on restructuring is an important one and the calls for restructuring cover a wide range of legitimate and constitutionally valid issues. Indeed all Nigerians have both a right and a duty to advance their arguments on the subject.
The Acting President himself have expressed support for State police based on the community policing model, advocated for devolution of powers to the States and fiscal federalism. Besides, the Buhari administration has been active in supporting State rights in several ways including in fiscal matters and will continue to do so.
Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office of the Acting President
8 August,2017
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