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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ELDER CHRISTOPHER ISIBOR,WAS ARRAIGNED TODAY BY THE EFCC BEFORE THE F.H.C,FOR ILLEGAL DEALING IN CRUDE OIL.

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                                                                             Elder Christopher Andrew Isibor was arraigned before the Federal High Court in Lagos,sequel to a petition by the Economic and Organized Crime Office,EOCO,Ghana alleging that the accused person is into piracy,stealing and money laundering alongside a Ghanaian marketer Auxesia Energy Limited.During investigations it was discovered that some Nigerian companies,Earth Petroleum Development Limited,Spiral Oil and Gas Limited,hijacked a vessel MT Sollueshing in March 2013 and used to convey 167,000 metric Low Pour Fuel Oil {LPFO} stolen from Nigerian creeks and transported to Ghana.He was charged on a 3 count bordering on conspiracy and illegal dealing in stolen crude oil.When the counts were read to him,he pleaded not  guilty to the charge.Justice Buba granted the accused bail in the sum of five hundred million naira only and two sureties in like sum.The accused will remain in prison custody pending the perfection of the bail terms.One more photo below.                                                                                                               

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