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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IBRAHIM MAGU RELEASED TODAY AFTER 10 DAYS IN DETENTION.{PHOTO}.

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Ibrahim Magu: Answers to five questions around di arrest and probe ...
     The suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has been released from police custody after 10 days in detention. Magu was arrested on July 6, 2020 amid allegations of corruption and brought before the Justice Ayo Salami-led Presidential panel. The suspended EFCC boss was accused of being unable to account for the interest accrued to recovered funds of about N550bn. He was also accused of insubordination and purchase of property in Dubai, the United Arab Emirates.More details later.
Ibrahim Magu: Answers to five questions around di arrest and probe ...

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