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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NIGERIANS IN DIASPORA SUPPORT OLUKOYEDE IN BRINGING BACK STOLE FUNDS.(PHOTO).#PRESS RELEASE

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Nigerians in Diaspora Support Olukoyede in Bringing Back Stolen Funds


The National Association of Nigerian Diaspora Organization, NADA, has expressed its wholehearted support to the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede on his appointment and commitment to properly focus the anti-corruption mandate of the Commission, especially in bringing back stolen funds stashed away abroad. 


NADA expressed this support through a Press Release signed by its President, Dr. Dotun Aliu in the United States of America, USA.  According to the organization, Olukoyede’s appointment is timely and strategic in the quest to rid Nigeria of the menace of economic and financial crimes and other acts of corruption. 


“NADA, the prominent diaspora organization representing the African community in the United States, is pleased to extend its wholehearted support to the newly appointed Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede. We believe that his impressive qualifications, extensive experience and unwavering commitment to justice make him the ideal candidate to lead the EFCC in the ongoing battle against corruption in Nigeria. The diaspora community, through NADA, commits to collaborating with Mr. Olukoyede and the EFCC to combat corruption, particularly in addressing the issue of stolen funds stashed away in financial institutions across the globe.  The Nigerian diaspora community stands ready to offer its support, expertise, and resources to help bring these ill-gotten gains back to the Nigerian people”, he said.   


Aliu further noted that his organization recognized the importance of having a well-qualified and dedicated leader at the helm of the EFCC, “as corruption continues to pose a significant threat to the development and prosperity of Nigeria and Africa as a whole”.  He expressed eagerness about the “positive impact that Mr. Olukoyede’s leadership will undoubtedly have on the anti-corruption efforts in our homeland”.


Additionally, NADA applauded President Bola Tinubu’s decision concerning Olukoyede’s appointment, pointing out that “his appointment is a clear example of President Bola Tinubu’s aptitude in matching the right peg in the right hole”.

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