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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''WE WILL PROFILE YOUR LOCAL BUSINESS PARTNERS & PROTECT YOUR BUSINESS''- MAGU ASSURES NIGERIANS IN DIASPORA.{PHOTO}.#PRESS RELEASE.

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     The Acting Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ibrahim Magu has assured Nigerians in the diaspora of business protection at home, stressing that local fraudsters frustrating diasporans from investing in Nigeria would henceforth be dealt with.
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Magu spoke on Saturday, May 23, 2020 during a Virtual Town Hall Meeting, an interaction with Nigerians in Diaspora, anchored in London by the Host/Moderator of the group, Prince Ade Omole.
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According to him, the EFCC is aware of the frustration, uncertainties and risks, local fraudsters are posing to credible businessmen and women abroad, who wish to invest in the Nigerian economy. " The EFCC is ready to offer intelligence services to anyone seeking genuine business partners in Nigeria", he said.
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