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'S POSITION ON MALABU OIL FRAYD CASE AND ASSOCIATED ISSUES. (PHOTO). #PRESS RELEASE.

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 EFCC’s Position on Malabu Oil Fraud Case and Associated Issues

 

The Economic and Financial Crimes Commission, EFCC, has commenced a review of developments around the Malabu OPL 245 fraud case, including the dismissal of the charges against a former Attorney General of the Federation and Minister of Justice, Bello Adoke by a Federal Capital Territory High Court, Abuja and the conduct of the prosecuting counsel, Offem Uket.


 The review will entail exploration of the option of appeal and possible change of counsel in view of the Commission's dissatisfaction with the handling of the case by Uket. 


Nevertheless, this intention has no nexus whatsoever to the spew of speculations imputing compromise by parties to the charge, currently making the rounds in some sections of the media.

 

 EFCC is not obliged to embrace such narratives as it neither accused any of the parties of any unsavoury conduct nor made any conclusive statements about any investigation on the matter. 

 

 The public is enjoined to ignore effusions of mischief makers on the matter and await the next course of actions.

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