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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BANKER STEALS CUSTOMERS MONEY AND SPEND IT ON WEDDING AND CLUBING.

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 These story is coined from a national news paper on how a Lagos high court sitting in Igbosere,on monday february 17,2014 sentenced Jamiu Seun Odunayo,a former Skye bank staff to one hundred and fifteen years {115} imprisonment with no option of fine over an offence of fraud,stealing and obtaining money by false pretence.During his working days as a staff of Skye bank,it was said that on the 7th of March 2011 in Lagos,he stole N848,690 property of Skye bank in which the money belongs to Skye bank customers.He spent the money on wedding and clubbing.,maybe he knew thats his last days of freedom.

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