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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BINANCE EXECUTIVE FACING LAWFUL TRIAL HAS ACCESS TO QUALITY MEDICAL CARE-FG. (PHOTO). #PRESS RELEASE

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 Press Release 


Binance Executive Facing Lawful Trial Has Access to Quality Medical Care - FG

 

It has become necessary for the Federal Government of Nigeria to address claims that Binance Executive, Tigran Gambaryan is being held in unsavory prison conditions in Nigeria, or that his health is deteriorating.


We would like to state that these allegations are false and should be ignored. 


Gambaryan is being held in lawful detention and has access to quality medical care whenever required. He also has full access to consular services from his home government. 


The Federal Government will not do anything to jeopardize his fundamental rights to lawful trial, and to quality care, including healthcare, even as he undergoes trial by the laws of the Federal Republic of Nigeria. 


It is worth reiterating that his detention is a court-ordered one, and only the court can alter the terms or direct his release. 


The Federal Government of Nigeria will continue to follow due process in its quest to bring Binance to justice — a legitimate sovereign quest that is similarly being pursued in several other countries around the world. 

 

This adherence to legal and diplomatic standards underscores Nigeria's dedication to upholding justice and maintaining the integrity of its judicial processes. The executive is being treated with the utmost fairness, and his legal and human rights are being protected throughout the judicial proceedings.


Mohammed Idris

Minister of Information and National Orientation

Federal Republic of Nigeria

21 June 2024

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