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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JULIUS BERGER KIDNAPPED GERMAN NATIONAL,FREED ATLAST TODAY.

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                    According to Julius Berger construction firm,said today thursday that ''Julius Berger Nigeria PLC is pleased to officially announce the release of the company's member of staff,who was abducted in Ogun state on the 24th of October 2014.The company would like to thank all those who assisted in achieving a swift and safe release,especially government authorities and security services''.According to the Ogun state police spokes man Abimbola Oyeyemi said ''The hostage was rescued on thursday but the services have previously claimed successful rescue operations even when ransoms were paid''.The company provided no details on the releases but said last week that the employee was kidnapped in an attack which left another German national dead.Four gunmen emerged from the bush and opened fire on two vehicles in which the two men were travelling.The employee who died,a sub-contractor,died in hospital from a bullet wound while two other staff members were hurt.Julius Berger confirmed that the group was moving in separate vehicles without security escort to a quarry in Ogun state.

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