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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BAWA CHARGES MEDIA TO SHUN BIASES IN REPORTING ECONOMIC CRIMES.(PHOTOS).#PRESS RELEASE.

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Bawa Charges Media to Shun Biases in Reporting Economic Crimes

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa has called on the media to shun biases of ethnicity, religion and political affiliations in the reporting of financial crimes, stressing that the fight against corruption should transcend such considerations.

He gave the charge on Wednesday, August 17, 2022 in Abuja while declaring open a One- Day Workshop on Financial Crimes Reporting organised by the EFCC for Financial Crimes Reporters. 

Bawa explained that the EFFC is making progress in securing convictions, pointing out that as at August 5, 2022, the Commission has secured 2210 convictions. “This is just ten convictions short of the 2220 convictions secured in 2021”, he said. He assured Nigerians of an improved naira exchange rate, stressing that through the EFCC’s intervention, the declining exchange rate of the naira has been reversed.

“One achievement which most of you may not easily recognise is the impact which EFCC’s intervention in the Forex market has had on the value of the naira. From well over N710 to the dollar, following the Commission’s intervention, the naira has appreciated significantly against the dollar in the parallel market, and we are not relenting in our efforts to check harmful speculative activities in the sector. I urge you to also beam your searchlights on this area as it is in our collective interests to have a national currency whose value is not subject to the whims of crooked speculators”, he said. 
One more photo below. 

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