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
Justice Adeniyi Ademola ruled in favour of the PDP against the lawmakers who defected to the main opposition,that they must vacate their seats.The 37 lawmakers who defected from President Jonathan's party Peoples Democratic Party {PDP}to the opposition All Progressive congress {APC}in December leaving PDP without a majority in the lower house.The Justice said ''It is clear and unambigious that the defendants were sponsored by the PDP and won the election on its platform.There was no evidence of division within the PDP,which might have provided a case for them to keep their seats.The defendants are therefore not competent to vote or contribute to any proceeding the house of Representatives''.He also issued an injuction restraining them from altering or attempting to change the leadership of the house.
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