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 ARRESTED 12 YAHOO YAHOO BOYS EARLIER TODAY AT CLUB 57 IKOYI.{PHOTOS}

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     As part of efforts to stem the tide of cyber crimes, the Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, in the early hours of Friday, May 11, 2018 arrested over 12 suspected internet fraudsters in the Ikoyi area of Lagos. 
The EFCC operatives stormed the popular Club 57 on Awolowo Way, Ikoyi, where the suspected "yahoo yahoo boys" were rounded up, following intelligence report. While some of the suspects abandoned their exotic cars to avoid arrest, some others put up resistance, thereby turning the environ into a war-like zone of sorts.However, a total 10 cars were recovered from the suspects during raid that lasted about three hours. The suspects will soon be charged to court when investigations are concluded.More photos below.
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