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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LAND DISPUTE BETWEEN OTUDEKO AND DANGOTE.

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                Honeywell group alleged that Nepa leased the 10.841 square metres of land within the Lagos ports complex,for five years for the purpose of setting up bulk facilities of N2.168milion was paid,but suddenly the agreement was suspended and the land was relocated to Greenview Development company while Honeywell was ordered to vacate the land.Honeywell group alleged that Dangote and his group had lured the NPA to transfer the land to it.Honeywell is urging the Federal High court to declare it as a legal occupier while demanding damages of $48million.Dangote is insisting that the agreement was neither turned into deed nor was it registered in any land registry.His group is also claiming that presidential consent was not obtained before the lease agreement was granted to Honeywell and as part of the privatisation policy of the Federal Government ,notices were given to the public in 2003 for the consessioning of all lands in the Nigeria Ports complexes bt the Bureau of public enterprises.Dangote and his group have asked the court to dismiss the case.The case was adjourned till 6th of February 2014 for hearing.

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