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 WARNS PROMOTERS OF PLANNED PROTEST . (PHOTO). #PRESS RELEASE.

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 EFCC WARNS PROMOTERS OF PLANNED PROTEST



The Economic and Financial Crimes Commission, EFCC, wishes to alert the general public on the plan by a shadowy group to instigate a “protest” against the Commission.


In the last couple of days, the group has been actively campaigning in the social media, recruiting impressionable young Nigerians, including students to take up “arms” against the EFCC.


This insidious campaign is being promoted as resistance to the operational activities of the Commission especially in respect of the enforcement of the laws dealing with cybercrimes.


The Commission, while not averse to protests by citizens, is alarmed by  emerging evidence that  suggest a grand design by corrupt elements under investigation or prosecution by the Commission to  exploit the so-called protest to orchestrate a national uprising that may threaten the peace and security of our dear nation.


As a responsible law enforcement organisation, the Commission will not tolerate any breakdown of law and order anywhere in the country especially around its office locations across Nigeria.

EFCC, working in concert with sister security agencies, is therefore taking necessary measures to deal with possible threats to the peace and security of Nigeria. 


 The Commission, however, appeals to parents, guardians and heads of tertiary institutions to take responsibility in ensuring that their wards are not recruited to be used as cannon fodder in a proxy war against the Commission by vested corrupt interests.


The war being waged by the Commission against corruption and cybercrime is to protect the future of the youth of this country. That future is imperiled if Nigeria degenerates further in global reckoning as a den of fraudsters.

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