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
According to sources,the developer known as Paramo Development Ventures Limited wrote to the market union about its intention to collect tolls from traders who brought goods or containers into the market.The letter stated that owners of each container brought into the market with goods will pay a fee of between N10,000 and N20,000 depending on the size of the container,while anybody that comes to the market to buy any spare parts will pay between N200 and N500 and will be issued receipts.Paramo also informed the traders that they will pay N200 for any good bought outside and brought into their shops for sale.The union replied them on behalf of the traders that they will not pay such levies.After the union's response,trouble started when Paramo workers attempted to enforce the policy at the market.Some traders resisted and seized Paramo's receipts and threatened to mo the workers if they continued the levy collection.It took the intervention of the market's security officials to bring the situation under control.It was gathered by sources that Paramo leased the market from Mushin Local Government for 25 years and sub-leased some portions to the traders for some years on condition that the traders will use their money to build shops.It was learnt that part of the agreement was that the traders paid allocation fee of between N150,000 and N200,000 to Paramo for each shop and will be paying a certain amount of money every year to Paramo as toll and Paramo will in turn pay Mushin council.Though the Mushin council has summoned the warring parties to a meeting to resolve the crisis.
Comments
Post a Comment