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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YAHOO YAHOO: 'EFCC CRACKING DOWN ON INTERNET FRAUDSTERS BECAUSE OF THEIR LIFESTYLES'- PORTABLE. (PHOTO).

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 Yahoo Yahoo: ‘EFCC cracking down on internet fraudsters because of their lifestyles’ – Portable


Nigerian singer Habeeb Okikiola, popularly known as Portable, has claimed that the extravagant lifestyles of internet fraudsters are the main reason the Economic and Financial Crimes Commission, EFCC, is cracking down on them.


He explained that the internet fraudsters abandoned their parents in poverty to live luxurious lifestyles with fraud proceeds, which attracted the attention of the anti-graft agency.


Speaking in a video message shared via his Instagram account, Portable said, “Why won’t EFCC arrest the youths when they are doing Yahoo, using iPhone 15 and lodging in hotels, but their mothers are selling akara [bean cake] and their fathers are suffering.”


He, however, urged the anti-graft agency to properly investigate before making arrests, stressing that not everyone living a luxurious lifestyle is into internet fraud.

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