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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ONE PERSON DEAD AFTER MAGU'S HOUSE WAS ATTACKED IN ABUJA.

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       The Economic and Financial Crimes Commission, EFCC, confirms an attack on the property of the acting Chairman of the Commission, Ibrahim Magu, which unfortunately resulted in the death of a security official.The property, a farmhouse located in Karshi, a suburb of Abuja was attacked by unknown gunmen at about 10pm on December 12, 2017 .The unidentified men murdered a police sergeant on duty. The incident was the second such attack on the same farmhouse.While the Commission will not speculate on the motives for the attack or the sponsors, it wishes to state that the EFCC under the leadership of Ibrahim Magu will not be deterred in its mission of ridding Nigeria of corruption.
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