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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DSS RELEASES FORMER EFCC CHAIRMAN, BAWA RELEASED. (PHOTO).

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 DSS Releases Former EFCC Chair, Bawa


Abdulrasheed Bawa, the former Chairman of the Economic and Financial Crimes Commission (EFCC), has been released after spending over 3months in the custody of the Department of State Services (DSS).


The DSS, through its Director of Public Relations and Strategic Communications, Peter Afunaya, announced Bawa’s release late on Wednesday.


Bawa’s arrest came immediately after his suspension by President Bola Ahmed Tinubu on allegations of abuse of office.


During investigation, former Governor of Zamfara State, Bello Matawalle, also accused Bawa of soliciting a $2 million bribe from him, an allegation that Bawa has denied.


The Economic and Financial Crimes Commission (EFCC) had earlier filed a motion appealing the ruling of the Court of Appeal sentencing its Chairman, Abubakar Bawa to prison.


The Commission, in a motion before the Abuja Division of the Court of Appeal, also asked for a stay of execution of the judgment of the Kogi State High Court delivered on December 12, 2022, and the consequential order made on February 6, 2023, in the suit between the EFCC and Ali Bello


Following Bawa’s departure, Ola Olukoyede has taken over as the new EFCC Chairman.


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