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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EFCC NOT INVESTIGATING OGUN GOVERNOR ''AMOSUN''.

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         The attention of the EFCC has been drawn to reports in the social media purporting that the Commission recently stormed the basement of the Ikeja, Lagos residence of Senator Ibikunle Amosun, governor of Ogun State, where cash in local and foreign currencies are said to have been stashed in a vault. 
The report quoting ghost sources in the Commission further alleged that the Commission had been on the trail of the governor for two weeks before the purported raid.It is important to state that there is no truth in the report. Governor Amosun was neither under surveillance nor was any of his residence raided by operatives of the EFCC. Consequently, members of the public are enjoined to disregard the false report.
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