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

DECLARE YOUR ASSETS ", OLUKOYEDE ORDERS EFCC STAFF. (PHOTOS).#PRESS RELEASE



Declare Your Assets”,  Olukoyede  Orders EFCC Staff


As a bold move towards  accountability and internal cleansing,  the Executive Chairman of the Economic and Financial Crimes Commission,  Mr.  Ola Olukoyede has directed staff of the Commission to immediately declare their assets in line with  civil service regulations and procedures. 


He gave the directive on Tuesday,  October 24, 2023 at the Corporate Headquarters of the Commission in Abuja  while addressing senior staff of the EFCC.  Olukoyede stressed that,  fighting corruption required those at the vanguard to be above board.


“All of us are going to declare our assets; from level 17, downward. I did mine, so there’s no reason for anyone to be afraid to do same.  Even the Commission Secretary did, you all may also have done it in the past, but there’s need for all of us to do it again.  We will declare our assets, and we are going to investigate it. We must live above board by setting the pace with good examples. As anti- corruption fighters,  our hands must be clean, so we must declare our assets”,  he said.


He  called on  staff of the Commission to pay  more premium attention to the basis of  fighting economic and financial crimes,  pointing out that,  such efforts should be geared towards growing the economy of the nation,  creating rightful environment for enhanced investment and strengthening the productive base of the economy.   “ We must do our job to add values to the nation. 


Investors must have confidence in the economy and we must help the country to be governed in an accountable and transparent manner.  By doing this, it will offer us a new direction to redeem the image of the nation”, he said. 

 

He also charged staff of the Commission to be professional,  thorough in their engagements,  rich in integrity  and be non-partisan. “Please,  I beg you,  let’s our hands be clean and put our house in order. Some may not like me, but I am going to do the right thing and treat everybody   equally irrespective of religion, ethnicity and region”. 


He assured staff of better welfare package, enhanced training and equal opportunities to ensure higher productivity.  He warned “ those compromising their works and position to desist from such conduct,  as dire consequences await every unsavoury  tendency”.


The EFCC boss assured the Commission’s staff that adherence to the rule of law would be an article of faith and defining principle of work.  “The EFCC is a creation of the law.  We must do our job in line with the dictates of the law.   This is a standard international practice and we would ensure that it is our established norm”, he said. 


More photos below. 


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