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

OUR POSITION ON THE EVICTION AT TARKWA BAY-LASG.{PHOTOS}.#PRESS RELEASE.

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      The attention of the Lagos State Government has been drawn to the outcry that trailed the eviction of residents of a beachside community at Tarkwa Bay by the Nigerian Navy.
The Nigerian Navy says the dislodgement followed the discovery by Nigerian National Petroleum Corporation (NNPC) that pipeline vandals had taken over Tarkwa Bay to sabotage the Nation’s economy by stealing petroleum products for selfish and personal gains.
According to Navy Commander Thomas Otuji, the Navy found in Tarkwa Bay about 300 spots and pits where petroleum products were being tapped and sold to unlicensed individuals as well as neighboring countries. He emphasised that the trend is dangerous for people living in Tarkwa Bay, which has oil pipelines that run through the Lagos coastline.
In fact, Atlas Cove Jetty, a major installation of the Nigeria National Petroleum Corporation for receipt and distribution of petroleum products to the western part of Nigeria and located within the precincts of Tarkwa Bay in Lagos, has become notorious for economic sabotage.
Reports indicate that in 2019, the Navy apprehended oil vandals carrying 1400 jerry cans of petrol, 27 drums and five outboard engine boats worth over N20million Naira at the location. It is estimated that the country loses petroleum products in excess of N4billion Naira on a daily basis to oil theft
With the recent experience of destruction of property in Abule-Egba by individuals and groups who chose to endanger the lives and property of residents through their illicit trade, the Lagos State Government will support every step taken to crush the distasteful and irresponsible behaviour of vandals who pilfer the country’s commonwealth and endanger the lives of others.
It is unfortunate that artisans, fishermen, residents and surfers who engage in legitimate business in Tarkwa Bay failed to draw the attention of law enforcement agencies to the unlawful racket of oil thieves until the Nigerian Navy dislodged occupants of the coastline community. Reports indicate that a number of those engaged in oil theft are non-Nigerians; they are illegal immigrants.
Although the Lagos State Government was not part of the eviction, the government is engaging all stakeholders to ensure that the rights of those legally permitted to reside in Tarkwa Bay are not violated.
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