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 RAISES ALARM OVER NAME DROPPING,EXTORTION+WARNS GENERAL PUBLIC AGAINST IMPERSONATORS.#PRESS RELEASE.

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     The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, has raised the alarm over the illegal action of some people using his name to defraud innocent Nigerians on the guise of securing favours from him.
He insisted that he has never instructed any relation or officers and men of the commission to engage in any business transaction or wield influence in cases or investigations before the Commission.
Magu also urged the general public to beware of certain dubious people who are dropping his name for non-exiting jobs or favour.
Magu said, “My attention has just been drawn to latest despicable activities of certain disgruntled elements in our society who have decided to drop my name in order to defraud unsuspecting members of the public over non-existing jobs and unusual favours.
“I wish to say with high sense of responsibility that I have never authorize any officer and men of the commission, including my relations to engage in any business transaction or promise jobs for gratification.
“I wish to further inform the general public that recruitment of officers and men into the commission is strictly on due process.“I therefore advise the general public to beware of impersonators that are peddling unfounded information about my humble self and the commission.
“I urge the general public to quickly alert the commission whenever anybody claims to be acting on my behalf or the EFCC for favours.”
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