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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MAGU'S CHIEF OF STAFF NOT UNDER INVESTIGATION-EFCC.#PRESS STATEMENT.

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      The attention of the Economic and Financial Crimes Commission, EFCC has been drawn to a news report entitled, Magu's Chief of Staff Under Investigation for Bribery and Unalwful Enrichment, which was published by online news platforms, First Weekly Magazine, and Nigeriannewsdirect, alleging that Mr. Ola Olukoyede, Chief of Staff to Ibrahim Magu, acting chairman EFCC, is under investigation for alleged corruption.
The publications purports that Mr. Olukoyede defrauded some prominent "Nigerian(sic)...under the guise of assisting (sic) to curry (sic) from his boss, Ibrahim Magu." It went on to list an unnamed former Nigerian State governor and a prominent Chief from the southwest among his alleged victims. The latter, the publications claimed, lost N100m to the Chief of Staff!
The salacious claims continued with the strange revelation that EFCC "discovered a mind-boggling amount of money in his personal accounts", which supposedly forced the Vice President to order an internal probe.The icing was the disclosure that Mr. Olukoyede was detained and thereafter placed on suspension.
The narrative and the issues raised are strange to the EFCC. As far as the Commission is concerned, Mr. Ola Olukoyede is not under any investigation and could, therefore, not have been detained or suspended. The Commission has no record of any petition by anybody calling into question the integrity of the Chief of Staff. So stories about a former governor or a prominent south west chief accusing him of wrong doing are at best fictional.
Consequently, the Commission is inclined to dismiss these publications as the handiwork of mischief makers who are out to impugn the hard earned reputation of Mr. Olukoyede for reasons that are not clear.The Commission consequently enjoins members of the public to disregard the publication for what it is : fake news!
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