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

EFCC QUIZZES SUSPECTED FRAUDSTER FOR CONCEALING 2,886 ATM CARDS IN NOODLES.{PHOTOS}.#PRESS RELEASE.

 

       The Lagos zonal office of the Economic and Financial Crimes Commission, EFCC, has commenced investigations of a suspected fraudster for concealing 2,886 Automated Teller Machine(ATM) cards and four Subscriber Identification Module( SIM) cards in noodles.

The suspect: Ishaq Abubakar was handed over to the EFCC by the Nigeria Customs Service on Thursday, September 10, 2020 for investigation and prosecution.
Abubakar got into trouble when he was arrested by officers of the Customs Service at the Murtala Muhammed International Airport, Lagos, on his way to Dubai with 2, 886 Automated Teller Machine (ATM) cards and four Subscriber Identification Module (SIM) cards carefully concealed in parks of noodles.
While handing over the suspect to the EFCC in Lagos on Thursday, Deputy Comptroller, Enforcement, Abudulmumuni Bako, said: “Officers of the Nigeria Customs Service at the Departure Hall of the Murtala Muhammed International Airport, on August 22, 2020, intercepted the suspect with 2, 886 ATM cards and four SIM cards, which he carefully concealed in parks of Noodles."
Bako, who represented the Customs Area Comptroller, A. Ma'aji, added that “The suspect, who claimed to have come from Kano to travel to Dubai aboard the Emirate Evacuation flight , was seen with someone who was assigned to facilitate his movement through the airport checks.
“This raised the suspicion of the officers who insisted he should be physically and thoroughly checked after the scan machine had revealed he was carrying parks of noodles”, he said.
In his response, the Lagos zonal head, AbdulRasheed Bawa, who received the suspect on behalf of the Commission, assured the Service that the Commission would duly investigate the suspect and any other party that might be involved in the alleged criminal offence.
According to him, “ On behalf of the Commission and the acting Chairman, Mr. Muhammed Umar, we have taken over Ishaq, and I can assure you that we are going to investigate the matter thoroughly and unveil everybody involved in the syndicate.
“There are a number of possibilities. There is an element of conspiracy, foreign exchange (FOREX) malpractices and money laundering.
“Indeed, banks and bankers are definitely involved. “
Bawa also emphasized the possibility of the suspect being a member of a network, adding that “In recent months, we have observed a trend in which unsuspecting Nigerians are lured into opening accounts to be bought at a fee.
“Most bankers are not carrying out their duties with due diligence, particularly the Know Your Customers, KYC, procedural check", he said.More photos below.

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