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

DUBAI POLICE SIGNS MOU WITH ESCD, TO COMBAT FINANCIAL CRIMES. (PHOTO). #PRESS RELEASE.


 Dubai Police signs MoU with ESCD

 


Dubai Police has signed a Memorandum of Understanding (MoU) with the Economic Security Center of Dubai (ESCD) to enhance collaboration and coordination between both parties further and solidify their partnership in the exchange of information related to combating financial crimes.

 

The MoU was signed by His Excellency Expert Major General Khalil Ibrahim Al Mansouri, Assistant Commandant for Criminal Investigation Affairs at Dubai Police, and His Excellency Faisal Selaitin, Executive Director of the Economic Security Centre of Dubai.

 

H.E Expert Major General Khalil Al Mansouri emphasized that this agreement aligns with the directives of His Excellency Lieutenant General Abdullah Khalifa Al Marri, Commander-in-Chief of Dubai Police, to enhance and support the state's efforts in combating organized and cross-border crimes, including money laundering. He further highlighted that the MoU reflects the Force's commitment to strengthen partnerships with various government entities, semi-governmental organizations, and the private sector to ensure cohesive roles and foster effective communication among entities, ultimately achieving impactful and efficient outcomes in combating diverse forms of financial crimes.

 

Meanwhile, H.E Faisal Selaitin, Executive Director of the Economic Security Centre of Dubai, expressed his pride in the productive partnership with Dubai Police. He emphasized that this agreement represents a significant advancement in the nation's ongoing efforts to combat financial crimes and strengthen the emirate's capacities to address and mitigate such crimes in various forms effectively. He added, 'It also enables the development of effective strategies to combat them aligned with the wise vision leadership to safeguard the country's financial and economic system.

 

The MoU involves collaboration in developing shared communication mechanisms between the two parties, facilitating the exchange of information, monitoring, and surveillance. It also encompasses joint awareness campaigns, enhancing the performance of employees and specialists from both sides, conducting training courses and workshops, and incorporating other supportive provisions to achieve the desired goals.

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