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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UAE OFFERS SUPPORT TO EFCC TODAY.{PHOTOS}.

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     The United Arab Emirate is fully committed to supporting the Economic and Financial Crimes Commission in the discharge of its mandate of fighting corruption in Nigeria. Fahad Al Taffat, the Emirates new envoy in Nigeria made this pledge today during a familiarization visit to the head quarters of the EFCC Abuja.
The envoy who was received by EFCC Acting Chairman, Ibrahim Magu, said he was at the EFCC to acquaint himself with the work of the agency. He noted that he had been fully apprised of the tremendous work of the Mohammadu Buhari administration in fighting corruption and violent extremism before he arrive the country. Ambassador Al Taffat promised to everything possible to assist the EFCC. “Whatever you need, just put it in writing, I will press for it. The UAE can assist you in the areas of capacity building, technical support and intelligence sharing”, he said.
He assured that his country already has a robust anti- money laundering framework, with an anti- money laundering unit domiciled at the Central Bank.
In his response, Magu thanked the envoy for the visit and assured him that he would return the gesture in two weeks.He also briefed the envoy on recent engagements between the EFCC and the UAE that culminated in the signing of a number of bilateral agreements that have increased the tempo of cooperation between Nigeria and the UAE in matters of corruption, money laundering and organized crime.More photos below.
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