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

CORRUPTION AN EXISTENTIAL THREAT TO NATIONS, SAYS PRESIDENT BUHARI IN MEETING WITH CODE OF CONDUCT TRIBUNAL MANAGEMENT.(PHOTO).#PRESS RELEASE.





 CORRUPTION AN EXISTENTIAL THREAT TO NATIONS, SAYS PRESIDENT BUHARI IN MEETING WITH CODE OF CONDUCT TRIBUNAL MANAGEMENT



President Muhammadu Buhari has indicated his desire that the foundation laid by this administration in the war against graft would be sustained by successive governments in the country, as corruption remains an existential threat to nations. 

The President spoke Thursday at State House, Abuja, while playing host to Management of the Code of Conduct Tribunal, led by the Chairman, Danladi Yakubu Umar. 

He described the Code of Conduct Tribunal as “an important tool in our fight against corruption over the last seven years," adding that such frontline agencies, “which are in the trenches are relied upon to demonstrate that the government means what it says and remains committed against corruption in all its forms.” 

The President expressed his desire for a sustained anti-graft war thus: “It is our hope that the foundation which has been laid by this administration will be carried forward and continued, as the issue of corruption remains an existential threat to all nations.” 

President Buhari recognized the sacrifices being made by the Code of Conduct Tribunal and similar agencies “in the midst of very challenging economic and revenue shortages,” and pledged innovative and new models of financing very important agencies and work programs that are critical. 

In his remarks, the Tribunal Chairman, Danladi Umar, commended the Buhari administration for the salutary impact it has made in the area of infrastructural development, agriculture, and provision of social services, among others.

He said the Tribunal was hampered by funding challenges, poor staffing, and appealed for intervention of the President.

 

Femi Adesina

Special Adviser to the President

(Media and Publicity)

March 16, 2023.

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