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

BANDITS: HOW I USE TO DISCOURAGE PAYMENT OF RANSOM UNTIL I WAS KIDNAPPED-EX-DSS DIRECTOR, EJIOFOR. (PHOTO).


 Bandits:  How I Use To Discouraged Payment Of Ransom Until I Was Kidnapped - Ex-DSS Director, Ejiofor

Mike Ejiofor, a former Director of the Department of State Services (DSS), has said he used to discourage families of those who were kidnapped from paying ransom until he became a victim of kidnapping.


He said the spate of kidnappings can still be curtailed but the failure to address the insecurity is hinged on insufficient resources.


Ejiofor said this in an interview, while reacting to the killings of traditional rulers by kidnappers in Ekiti and Kwara states.


He said, "It (insecurity) is not out of control but people are worried. I am worried. The issue is that we have not deployed sufficient resources to tackle the problem.”


“No one should be blaming the government now because this issue has been festering for a long time. The largest we have in the budget is for the security sub-sector.


“There should be proper oversight to ensure the funds are properly deployed. We have to ensure the monies are not diverted by the leadership of security agencies. They shouldn’t live luxurious lifestyles.


“Before I became a victim, I had often said people shouldn’t pay ransom. But that notion changed after I became a victim. He who feels it knows it. Unless you are not involved, you will do everything possible including payment of ransom to release your relative.


“Of course, government will always discourage people from paying ransom. For me, I believe in the saying that he who fights and runs away lives to fight another day. If you secure yourself, if government cannot secure you, that’s fine.


“Another option could have been for the government to supervise the payment of ransom to get information. But victims do not cooperate with police.”


The ex-DSS boss said the economic hardship in the country is pushing people into kidnapping innocent Nigerians for ransom.


“They now see it as an industry. Everybody is getting involved because of economic hardship. The economy is partly responsible for the escalation of criminality.”


“People are suffering. You can’t attack people’s houses and see cash. You can’t break into a shop to collect things because you will be arrested. The quickest way to make money now is through payment of ransom.”

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