LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE
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
The four staff's arrested are Balogun Fatai,Ayo Fapohunda,Oyetunji Olabisi and Rahimi Kamilu of Ikosi,Isheri Local Council Development Area,LCDA,have been arrested for allegedly extorting money from motorist under the guise that they are traffic officers.In two days of their operation,the four suspects had extorted about N180,000 by finning motorist they arrested illegally.They met their water loo when they attempted to extort money from a motorist at Lagos toll gate.The motorist reported the matter at the task force office which led to the arrest of the suspected culprits.According to Tony Nanewodo,owner of mercedes Benz C-class 2013 model,was arrested at the toll gate for stopping to ease himself,but lamented that he was issued ticked for picking up a passenger on the road,an act he never committed.One of the suspect,Fatai,said they remit the money collected to the purse of the council and that the council employed the services of a consultant to help in collecting the money from motorists.
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