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 SYMPATHIZE WITH THE CHAIRMAN OF THE TRIBUNAL-SARAKI.

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      Senate President Bukola Saraki wrote on social media today that ''I sympathize with the Chairman of the Tribunal, Mr. Danladi Umar, for his travail in the hands of the EFCC which suddenly woke up 4 days to the resumption of this case to file criminal charges against him.You will recall that in April 2016, when our lawyers asked the tribunal chairman to recuse himself from our case, because of the criminal investigation against him, the EFCC swiftly cleared Mr. Umar of any wrongdoing.Now, I find it amusing, that in a dramatic turnaround, this same EFCC now thinks that Mr. Umar has a case to answer just before the commencement of my case before him. What has changed since April 2016?.As much as many Nigerians want to continue to believe that this my case is merely about asset declaration irregularities, the maneuvers, manipulation, intrigues, schemes, and "House of Cards" nature of this whole case proves otherwise.
I really wonder whether those who genuinely love this Government appreciate the damage that all this is doing to our so-called ‘War Against Corruption.’ However, in all of this, my confidence in the judiciary and its ability to do justice in all cases, remains unshaken''.
Dr. Abubakar Bukola Saraki    
 President of the Senate
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