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

MAGU CHARGES PARENTS ON FIGHT AGAINST CORRUPTION.{PHOTOS}.#PRESS RELEASE.

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     The acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has called on Nigerian parents to see themselves as change agents who can help the nation overcome the varied challenges that corruption has placed in its path to development.
Magu also urged parents to have a rethink about their priorities, saying that the quest for wealth and inordinate pursuits of ostentatious living have made it impossible for them to inculcate the right values in their children.
He gave the charge on Saturday, May 11, 2019 in Lagos in a paper titled, “Family As An Effective Agent In The Fight Against Corruption, Economic and Financial Crimes” at the fourth edition of the International Day of Families organised by Entertainment Bus-Stop Limited.
Magu, who was represented by Ayo Oyewole, Head, Public Affairs, EFCC Lagos Office, described the family as a critical stakeholder in the nation-building, adding that, “Family is one of the primary agents of socialization. Family members teach the child the norms, values, morals, beliefs and ideals of the society. In the family, the child first learns what is good and bad and what is right and wrong. It is from the family that a child develops specific habits, traits of character, attitudes and values.”
He, however, lamented that some parents had failed in their responsibilities, considering the extent of the moral decadence in today’s Nigeria.
Making references to religious teachings against corrupt practices, he noted that parents owe their children the obligation of putting them on the right paths, so that they will be good ambassadors of the country.
He said: “Families are expected to monitor the associations their children keep. Evil communication, they say, corrupts good manners.
"They should question what they read and what they do to ensure the purity of their minds.
"The various indicators of the failure of the family and our society are apparent with the spate of criminality among the youth.
"The infamous Yahoo-yahoo narrative remains a negative reference point."
Magu, who also urged parents to join hands with the EFCC to fight corruption, which he described as “our common enemy”, said: “You have to begin to foster public support for the fight against economic and financial crimes and corruptions at home.
“We are faced with a serious situation and if you must leave here today with only one thought, it must be that you will henceforth lend your voice to the anti-corruption advocacy initiatives of the government and the collaborative agencies.
“In order words, you must resolve to give the bar of the fight against corruption, economic and financial crimes a lift.”
While emphasizing that the Commission works in partnership with both local and international stakeholders to fight the menace of corruption, he reiterated that the Commission had been operating in an environment fraught with challenges, including “legal technicalities, lack of cooperation from some state and local governments, public attitude towards corruption, the phenomenon of corruption mentality in Nigeria as well as slow judicial system occasioned by tactics of defence lawyers and interlocutory appeals.”
He, however, expressed confidence that the ongoing fight against corruption would be sustained, so that looters of the common patrimony would not go unpunished.More photos below.
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