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 IS THE LAST HOPE OF THE COMMON MAN-RESTITUTED VICTIM OF BANK FRAUD SAID.{PHOTO}.#PRESS RELEASE.

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      A business man in Abia State, Ezeala Emmanuel Chiedozie, whose hope of recovering his N5, 360, 000 (Five Million, Three Hundred and Sixty Thousand Naira) eight years ago through a bank fraud perpetrated in his name in one of the new generation banks, have stated that the Economic and Financial Crimes Commission, EFCC, is indeed, the last hope of the common man in Nigeria.
Ezeala made the assertion on Wednesday November 27, 2019 while being presented with a bank draft of N5, 360, 000 by the Zonal Head of the Commission in the South East, Usman Imam, on behalf of the Acting Chairman, Ibrahim Magu in Enugu. “I am very glad for what you people have done for me. In fact, for eight years now, I have been doing one thing or another to survive as it has not been easy, you are indeed the last hope if the common man,” he stressed.
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