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
three years ago,the Economic and Financial Crime Commission EFCC had accused the Speaker of the Lagos state House of Assembly,Adeyemi Ikuforiji and Oyebode Atoyebi,his aide of laundering around N600 million but the two time speaker has now been discharged and acquitted.He was discharged and acquitted by Justice Ibrahim Buba of the Federal High Court,Lagos.The Judge stated that the case which lasted for three years did not have enough evidence to prosecute Ikuforiji,noting that the prosecution only called two witnesses and that did not help much.''The Prosecution failed to prove its case''.Ikuforiji is now eligible to contest as a Governor in Lagos state 2015,though there are rumours that he will flag off his campaign in few weeks.One more picture below. 
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