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

THE POLICE COMMISSIONER IN OYO STATE MUSA,AND HIS TEAM,RESCUED THE FOUNDER OF BOND GROUP OF COMPANIES,CHIEF OMOTOSHO.

                     According to the Nigerian police,on tuesday the police rescued the Executive Chairman and founder of Bond Group of companies,Chief Adebowale Omotosho,from kidnappers hideout at Ajia village,Egbeda Local Government Area of Oyo State.Seven suspected members of the kidnap gang were arrested by the police.Their names are 32 years old Bisi Babatunda,who is said to be on the wanted list pf the police in Rivers state.28 years old Laide Shittu,40 year old Ajayi Olaniyi,23 year old Isiaka Kazeem,Alabi Olufemi,Oladipupo Abayomi and Ayobami Musa.The eight suspect,whose name was simply given as lucky,is currently at large.Also recovered were two AK 47 rifles,three imported pump action guns,three locally made pistol,Ak 47 magazines,as well as unspecified number of AK 47 ammunition and live cartridges.Chief Omotosho,a 78 year old man ,was abducted by suspected kidnappers from his residence at Gaa area of Awe,Oyo state,on wednesday March 4 2015 at about 7:30pm,with a sum of $1million demanded as ransom.But the kidnappers reportedly collected N10 million as ransom,though the gang's leader was said to have declared N5.5 million to other members.The Commissioner of police in Oyo state,Mr Muhammad Musa Kastina,who resumed duty in the state three weeks ago,said when he got wind of the abduction,he constituted an ambush squad by the operatives of the Special Anti-Robbery Squad,Oyo and others.The Commissioner of Police said ''As a result our resilience,the defence line of hoodlums was weakened and they all ran helter-skelter with a remarkable degree of bullet wounds,leaving behind their victim in a house.We arrested seven of them,while two escaped with bullet wounds,leaving a trail of blood''.

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