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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WE DID NOT RAID EX-GOV. AMBODE'S RESIDENCE-EFCC.#PRESS RELEASE.

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    joy immunity against prosecution.
The Commission hereby states with high sense of responsibility that the operatives did not raid Ambode’s residence.
Whatever the Commission is presently doing with regards to the investigation is in line with its mandate and the rule of law.
We wish to inform the social media to be circumspect in the reportage of any news with regards to investigation activities of the Commission.
As a tradition, the Commission does not carry out investigation on the pages of the newspapers or through the media. Our operations are always covert until at a time when we file charges in court.
Therefore, the attempt to cast the Commission in a bad light is unacceptable as the EFCC will never engage in illegal act. We remain committed to the war against corruption.
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