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 NOT PART OF ANY SARAKI SCRIPT.#PRESS RELEASE.

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   The attention of the Economic and Financial Crimes Commission, EFCC, has been drawn to a widely syndicated article by Senator Babafemi Ojudu, Special Adviser to the President on Political Matters entitled, Fifth Columnists in Our Recent History, wherein he portrayed the Commission as a conscript in the devious plots by Senator Bukola Saraki to undermine the leadership of President Muhammadu Buhari.
According to Ojudu, "from the shenanigans at the Benue House of Assembly, to the siege on National Assembly, the attack on judges home in the night, the so called barricade of the Senate President’s house, the laughable kidnap of Boy Dino and “his eleven hours on a tree’, the freezing of Benue and Akwa Ibom accounts all are scripted, produced and acted by Oloye Productions".

The Commission takes exception at the attempt to impute false motive to its investigative activities. The recent placement of a 'Post No Debit Order' on some accounts in Benue and Akwa Ibom States were the culmination of many months of painstaking investigation activities. To reduce such activities to the level of a stunt in a real or imaginary script by any politician is outrageous.
It is important to state that the EFCC is NOT a party to the so called script by Saraki. Members of the public should disregard the innuendo in Ojudu's article as it is unfounded.The Commission calls for circumspection on the part of political leaders, while urging them to seek clarification before making comments on matters they do not know about.One more photo below.
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