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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EFCC REAFFIRMS COMMITMENT TO ITS MANDATE.(PHOTO).#PRESS RELEASE.

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EFCC Reaffirms Commitment to Its Mandate

The Economic and Financial Crimes Commission, EFCC, wishes to assure the public of its unswerving commitment to its mandate and vision of a Nigeria free of economic and financial crimes, through the instrumentality of its Establishment Act and other extant laws.

It also needs reiterating that, all operational activities of the Commission are always in tandem with global best practices. Issues of arrest, detention, arraignment and prosecution of suspects are done in line with the Standard Operating Procedure of the Commission. The EFCC is fulfilling every international standard of law enforcement in all its ramifications. 

On this note, members of the public are enjoined to ignore any blackmail, campaign of calumny, tissue of lies and other ploys being employed by corrupt elements to cast aspersion on the good works of the Commission. The EFCC will continue to keep faith with its mandate and strengthen every legitimate activity of individuals, groups and organisations. 

All the outreach contacts of the Commission are also open for enquiries, complaints and petitions. 
 

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