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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FEDERAL HIGH COURT,DECLARES F.R.S.C ARREST OVER LICENSE'S UNCONSTITUTIONAL.

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                     According to Justice Ademola Adeniyi in delivering his verdict in the suit filed by Abuja based legal practitioner,Mr John Musa,declared the threat by FRSC to start arresting road users over failure to obtain the new license despite the validity of their old ones as ''Unconstitutional and a clear example of an act of executive recklessness''.The deadline to obtain the new plate license imposed by the Federal Road Safety Commission {FRSC} was October 1,2013.So FRSC,you should cease to arrest motorist whose vehicle and drivers license are still valid.                                                                                                                                                                                                                    

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