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 WRITES PUNCH,DEMANDS APOLOGY,RETRACTION OF LIBELLOUS PUBLICATION AGAINST MAGU.{PHOTOS}.#PRESS RELEASE.

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     The Economic and Financial Crimes Commission, EFCC, has written a litigation threat to the PUNCH (Nig) Limited, publishers of The PUNCH Newspapers, demanding for the retraction of its libellous publication against the Acting Chairman of the Commission, Mr. Ibrahim Magu, as well as an unreserved apology over the defamatory publication against Mr. Magu.
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Addressed to the Managing Editor/Editor-In-Chief of the newspaper, Mr. Ademola Osinubi, and signed by it’s Secretary, Mr. Ola Olukoyede, the EFCC described as libellous, vexatious, defamatory and damaging, a piece written by Abimbola Adelakun on March 5, 2020 titled, "The Real Trouble With Magu".
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