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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FRAUD: MAGU MUST FACE PROSECUTION-PDP.{PHOTOS}.#PRESS RELEASE

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     July 8, 2020
Press Statement
Fraud: Magu Must Face Prosecution, Says PDP...Insists Indictment Reinforces Graft Allegations
The Peoples Democratic Party (PDP) after reviewing the reported circumstances surrounding the investigation of the indicted acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, demands his prosecution.
The party said that Magu's indictment reinforces its position that the much-hyped war against corruption by the EFCC, under his watch, has been a huge scam by corrupt individuals to cover the plundering of public resources, harass political opponents, intimidate and extort money from innocent Nigerians.
The party observed that the revelations of diversion of recovered funds and fraudulent sale of assets seized by the EFCC among other sleazes, as detailed in the memo by the Attorney General and Minister of justice, as well as the report of the Department of State Services (DSS) on Magu's activities, have further exposed the racket that the fight against corruption had become under the All Progressives Congress (APC) government.
The development has also exposed why corruption has worsened under the Buhari administration, as documented by credible international organization, including the Transparency International (TI).
It is a big embarrassment to our nation, that the head of anti-corruption agency in an administration led by the African Union (AU) anti-corruption champion and which prides itself on zero tolerance for corruption, is being dragged in allegation of looting recovered fund and other barefaced frauds.
Now that the racket has been exposed, the onus lies on President Muhammadu Buhari to clean his Augean stable by not sweeping the matter under the carpet or seeking to provide soft landing for the indicted EFCC boss and shield him from prosecution.
What Nigerians expect at this moment is for President Buhari to enforce the law by directing relevant agencies to commence actions that would lead to Magu’s prosecution in the court.
Anything short of this will not be acceptable to Nigerians.
Signed:
Kola Ologbondiyan
National Publicity Secretary.
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