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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MAGU WARNS ILLEGAL OIL BUNKERERS IN THE NIGER DELTA+INSPECTS FORFEITED VEHICLES AT ARMY BARRACKS.{PHOTOS}.#PRESS RELEASE.

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      The Acting Chairman of the EFCC, Mr. Ibrahim Magu has warned illegal oil bunkerers in the Niger Delta region to desist from acts of oil theft and economic sabotage. He gave the warning on Tuesday, January 7, 2020 in Port Harcourt, Rivers State while addressing the Media. According to him, illegal oil bunkering is a terrible leakage of the economy and the EFCC would not relent in fighting it. "Let me also use this medium to warn all illegal oil bunkerers to desist from their nefarious operations".
The EFCC Chairman, who was on a Working Visit to the Port Harcourt Zonal Office of the Commission, said the EFCC is resolute in its fight against economic sabotage and oil theft. He said "the Niger Delta is highly significant to our national economy and the Commission will continue to do all that is lawful and patriotic in ensuring that operators of illegal oil bunkering are brought to book", he said.One more photo below.
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