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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65 YEAR OLD BABA THOUGHT PMS IS HOLY WATER.

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*File Photo: Activity at a vandalised oil pipe              Six suspects were arrested by special task force on anti pipeline vandalism unit,including a 65 year old man salami amodu who thought the petrol was holy water.The other people arrested  were bruce ekonen,joseph ofoeyeno,francis ode and kola ifatoye with about 100 gallons of PMS alleged to have been vandalized from Nigerian National Petroleum  Corporation ,NNPC pipe line at idimagboro in sagamu area of ogun state.The 65 year old baba claimed he was on his way back home when one alfa stopped him,promised to pay him N5,000 per trip if he can help him carry 10 gallons of liquid.he thought it was holy water so he didnt bother to ask since it 's a good business.it was while he was carrying the gallons that he percieved the odour of fuel.he was very angry at the alfa and wanted to off load the vehicle but realize that they were almost close to their destination  thats when he decided to continue.all the suspects will be arraigned in court at the end of all investigations.

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