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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EFCC ARRESTS TWO BROTHERS WHO USE EFCC'S NAME TO EXTORT YAHOO BOYS.{PHOTOS}.

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     The EFCC, Ibadan zonal office, has arrested two blood brothers for extorting internet fraudsters with promises to shield them from possible arrest by the Commission. The siblings – Olatunji Joe Beyioku (35) and Oluwayomi Beyioku (37) - were arrested in Abeokuta, Ogun State capital, on Friday, November 15, 2019, during a sting operation.
EFCC operatives had embarked on discreet investigations into the activities of the suspects when it was discovered that they are in the habit of the extorting ‘Yahoo Boys’ to help them evade arrest by the EFCC.More photos below.
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