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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ECO BANK,WAS ORDERED BY THE INDUSTRIAL COURT IN ABUJA,TO PAY AN EX-STAFF N8.5 FOR WRONGFUL DISMISSAL.

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                                                     Yesterday friday,the National Industrial court in Abuja ordered Eco Bank PLC to pay one Mr Uche Abrah,the Sum of N8.5 million as his cumulative salary arrears and gravity from 2006-2014.The court made the order after considering evidences in a case of wrongful dismissal instituted by Abrah against the bank.The Judge,Justice Peter Lifu,in his verdict declared that the claimants dismissal from the employment was wrongful and illegal.He however said that the claimant shall be paid three months salary in lieu of notice as dated in the defendant's termination of employment policy.The Judge said that the claimant should be paid his gratuity from the period of his engagement by the defendant,commencing from Aug 2006 to Jan 4,2014 and also salaries from the period of indefinite suspension.He further ordered that a sum of N30,000 should be paid as cost of suit and the judgement should be fulfilled within 30 days or else attract an interest of 10 percent per annum.Uche Abrah had approached the court with prayer that he was dismissed on the ground of alleged conspiracy to steal over N2 million from the bank.Before his dismissal he was suspended even when there was no evidence to prove the allegation against him.Counsel to the claimant Edwimn Agbu express his joy by saying that the judgement could not have gone otherwise because the bank had no evidence to back its allegations.

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