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 TO PROBE FAKE $6M INTERCEPTED BY CUSTOMS. (PHOTOS).#PRESS RELEASE.


EFCC to Probe Fake $6m Intercepted By Customs

The Lagos Zonal Commander of the Economic and Financial Crimes Commission, EFCC, ACE 11 Michael Wetkas, has assured the Nigeria Customs Service, NCS, of further investigations into the fake $6m seized by its officials at the Seme Area Command.

He gave the assurance on Tuesday, April 4, 2023 while receiving the fake $6m during a media briefing organized by the Customs Area Controller, Seme, Badagry, Comptroller Dera Nnadi.

Wetkas who thanked the leadership of the NCS for the sustained collaboration between the two agencies, assured of even greater support  in the  fight against corruption and fraud-related offences.

Speaking earlier Nnadi said: “The Seme Command, in the first quarter of 2023, recorded milestones in its anti-smuggling operations.

“Some of the anti-smuggling landmarks by the Command include the seizure of fake $6m USD equivalent of N2.763bn at the exchange rate of N460.52, which will be handed over to the EFCC today.”

He also used the occasion to seek a more robust collaboration with the EFCC as well as other law enforcement agencies in the fight against smuggling within the command. 

More photos below. 




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