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

DESPERATE BLACKMAILERS, ALLIES OF CORRUPT ELEMENTS IN SMEAR CAMPAIGN AGAINST EFCC & MAGU.{PHOTO}.#PRESS RELEASE.

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     The attention of the Economic and Financial Crimes Commission, EFCC has been drawn to the antics of some few elements in the social media, employing desperate antics of blackmail, and smear campaigns against the successful war being fought against corrupt practices by the Commission and its courageous Chairman, Ibrahim Magu.
As a law enforcement agency, the EFCC has enough facts about the sponsors of such insidious campaigns. It is an unflattering fact that corruption will always fight back and the Commission is not surprised that such a campaign could be coming from some overseas-based, politically-exposed and disgraced elements being investigated for unnerving acts of corruption.
For his courage, consistence and never-say-die spirit, Magu, would undoubtedly, have a tribe of hard critics, cynics and bitter foes. However, it is uncharitable to link him with the ownership of some buildings belonging to other individuals with verifiable addresses. It is even ridiculous to allege that he shied away from being served a fictitious writ of summons over a matter long decided by the Judiciary.
The Commission finds every unfounded claim against it and its helmsman, as desperate backlash from disreputable elements suffering its uncompromising works against corrupt practices. We are not worried about such retrograde moves. Members of the public only need to ignore tendencies aimed at blackmailing the EFCC and its workforce.
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