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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MAN ARRESTED FOR ISSUING DEATH THREAT AGAINST EFCC CHAIRMAN. (PHOTOS). #PRESS RELEASE.

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 EFCC Arrests Man for Issuing Death Threat against Olukoyede


Operatives of the Economic and Financial Crimes Commission, EFCC, on Monday, March 18, 2024, arrested one Kayode Cole for issuing a death threat against the Executive Chairman of the Commission, Ola Olukoyede.


Cole was arrested at the Lugbe axis of the Federal Capital Territory, FCT, Abuja.


The suspect made the death threat through his Instagram page handle: “1billionsecretss”, while commenting on a story posted by a popular Instagram blogger, Instablog9ja on February 1, 2024.


Instablog9ja had posted a story with a caption: “A Religious Sect Is Laundering Money for Terrorists. We Traced N7 Billion Fraud Proceeds to another Religious Group- EFCC Chairman”.


Reacting on the comment section of Instablog9ja, Cole stated that the EFCC Chairman will be dead in six months.

 “He will be dead in six months. This man will be dead in 6months remembered, I said it”, he said.


In the course of interrogation,  the suspect claimed that he was just “chasing clout.”

He will be handed over to the appropriate authority for further investigation and prosecution.


Recall that the Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, had on Wednesday, January 30, 2024, at the Musa Yar’Adua Centre, Abuja, during a one-day dialogue on “Youth, Religion, and the Fight against Corruption.” revealed that the Commission had uncovered how a religious sect in Nigeria is laundering money for terrorists.


The EFCC boss also stated that another religious body was found to be protecting a money launderer after some money suspected to have been laundered was traced to the organization’s bank account.

 

More photos below. 


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