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 THREE SUSPECTED OIL THIEVES TODAY IN PORT HARCOURT.{PHOTOS}.

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     The Economic and Financial Crimes Commission, EFCC, Port Harcourt's office, on Tuesday 3 July, 2018 commenced investigations into the activities of three suspected oil thieves: Abadi Japhet (Captain), Kashim Umaru, Godwin Ilioma and a vessel: MV Orbit II handed over to it by the Nigerian Navy Forward Operating Base, Bonny, Rivers State. Navy Captain S.W. Olorundare, while handing over the suspects to the EFCC, said that the three crew members were arrested on February 5, 2018 at about 0250 hours for dealing in unspecified amount of petroleum products suspected to be illegally refined Automated Gas Oil (AGO) without a proper license. The EFCC has since stepped up further investigations of the matter. The suspects will soon be charged to court.One more photo below.
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