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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DON'T BE IN HASTE TO MAKE MONEY,MAGU ADVISES NIGERIANS.{PHOTO}.#PRESS RELEASE.

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    The Acting Chairman of the Economic and Financial Crimes Commission EFCC, Ibrahim Magu on Thursday, September 12, 2019 advised members of the public against being in haste to make money or desire to make it at all cost.
He gave the advice as he engaged residents of Kaduna State in a live radio phone-in programme on Nagarta Radio, Kaduna, as part of efforts at sensitizing them on the activities and mandate of the Commission.
Magu who was represented by the Head, Kaduna Zonal Office, Mailafia Yakubu featured in the station’s popular Hausa programme, "Rana Mudu Aiki."
Responding to his listeners, Magu cleared the air on the size of recoveries in terms of money and properties the Kaduna Zone has so far made. He further explained to the public how the zonal office can be reached for complains; the types of cases the Commission handles, the many facets of internet fraud and synergy between the Commission and the courts.
He charged parents and guardians to monitor the activities of their children and wards, especially as trends show that youth are easy recruits for fraudulent activities.
Listeners who phoned in thanked and expressed support for the Commission, urging other agencies of government and Nigerians to collaborate with the EFCC in its effort to rescue the country from the grips of corruption.
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