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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EFCC CLARIFIES ITS CHAIRMAN'S DISCLOSURES ABOUT ALLEGED MONET LAUNDERING BY RELIGIOUS LEADERS. (PHOTO) #PRESS RELEASE

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 EFCC Clarifies Its Chairman’s Disclosures about Alleged Money Laundering by Religious Leaders

 

 The attention of the Economic and Financial Crimes Commission, EFCC, has been drawn to some misleading reports,  commentaries and analyses by sections of the media,  particularly Arise News, regarding the disclosure by the Executive Chairman, Mr. Ola Olukoyede about money laundering practices involving some religious sect leaders in Nigeria.

 

At the Commission’s public  engagement on  Youth, Religion and the Fight Against Corruption on Wednesday, January 31, 2024 in Abuja, the Chairman had frowned at the conduct of some religious sect leaders whom he accused of being complicit in money laundering.

 

“As I’m standing before you, there is a matter we are handling, a pyramid scheme that involves over N30 billion fleeced from Nigerians. 

 

Along the line, some people died, some victims collapsed and all of that. We were able to trace over N7billion to a particular religious body and I said, write a letter to the leader of that religious sect, and we did

 

The next thing we saw was a restraining order. We got a restraining order restraining us from recovering the money.  Meanwhile, people have died along the line. Money traced directly to your body, and that is what we are battling.  Of course, we have appealed, and this is the situation that is facing us, religious leaders”, he had said.

 

He equally disclosed that, “when I was the Chief of Staff, we investigated an issue of money laundering, somewhere in this country.  There is a particular religious sect that laundered money for terrorists.  These are the problems we are battling with”. 

Olukoyede neither mentioned a Church, Mosque nor any particular religious entity. Unfortunately, his comments have been twisted with mischievous connotations.

 

The groups fingered by the EFCC chair are religious sects, not a church or a mosque. 


Those subjecting this disclosure to sinister interpretation are on to mischief and should be ignored.

 

The EFCC’s boss is focused on his assignment of tackling all shades of economic and financial crimes and would not be distracted.

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