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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COVID-19: EFCC RAISES THE ALARM ON FAKE LOCKDOWN FUNDS.{PHOTO}.#PRESS RELEASE.

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    The Economic and Financial Crimes Commission, EFCC, has cautioned members of the public against fraudulent activities of spurious dispenser and manager of funds to vulnerable Nigerians, ostensibly to cope with the discomfort associated with the lockdown measures of the Federal Government in some parts of the country.
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The Acting Executive Chairman of the EFCC, Ibrahim Magu, who disclosed the strange development on Tuesday, April 28, 2020, added that some faceless elements are circulating " FREE N5000 LOCKDOWN FUNDS TO SUSTAIN DURING LOCKDOWN".
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He said, " The circulation of the fake funds is being carried out online through a phishing link via WhatsApp. The link is embedded with a link titled https://bit.ly/free-N5000. Whenever the link is clicked, it would redirect recipients of the message to a phishing website address https://fg-free-funds.blogspot.com. Visitors to this fraudulent website will find an online questionnaire from which they must respond in order to trigger the phishing".
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