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 QUIZZES TEN SUSPECTED OIL THIEVES.{PHOTOS].

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     The Economic and Financial Crimes Commission, EFCC, has commenced investigations of ten (10) suspected oil thieves handed over to it on Thursday 1 February, 2018 by the Nigerian Navy.
The ten suspects: Kolawole A Ezekiel; Olisa Basil Chukwutem; Friday Utibe; Emi Azubike; Oriyomi Olatunji; Ushiagwu Simon; Salihu Oricha Jimoh; Onche John, Onovuakpo John and Ubong Bredan, were handed over to the EFCC alongside a vessel: MT BREAKTHROUGH, with registration number IMO 9095723, by the Nigerian Navy Ship (NNS) PATHFINDER, Naval Base, Rumuolumeni, Port Harcourt, Rivers State for further investigation and prosecution.NNS Pathfinder’s Commander, Navy Captain Victor Choji, explained that, the suspects were arrested by the Nigerian Navy Ship (NNS) PATHFINDER's patrol team deployed for anti-crude oil theft and illegal bunkering operations around Dawes Island, Port Harcourt. The vessel, laden with an estimated 4,757 metric tons of products suspected to be crude oil, while under surveillance, was discovered to have switched off its Automatic Identification System (AIS) to evade surveillance in order to carry out an economic crime with the products onboard.The suspects would soon be charged to court when investigations are concluded.More photos below.
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