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
A statement in Port Harcourt by Ahmad Muhammad,the State Police Command Public Relations Officer,PPRO said ''Their rescue came on the heels of the timely and actionable information received from a patriotic citizen who saw when the duo while in transit near Elebrada junction along East-West toad were stopped by armed men and forcefully dragged into the nearby bush,abandoning the victim's Toyota Highlander SUV by the roadside.Quick response to the information by policemen and subsequent combing of the forest led to gun duel with the suspected kidnappers were gunned down while their other co-traveller escaped.The victims according to them,were on their way to Lagos''.The victim's vehicle,two locally made pistols and two objects suspected to be charms were recovered after the rescue operation.
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