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,a man hanged himself in front of a Chinese bank this morning after not being able to cope with losing money to telephone scams.The man,known only by his surname of Xiong,lost more than 10,000 Yuan {£1,043} when he recently became a victim of fraud in Henan Province,central China.His lifeless body was found hanging in full view of the public outside the Agricultural Bank of China in the city of Xinxiang this morning.According to the report,Mr Xiong lost the money two days ago after he received a telephone call that turned out to be a scam.He transferred more than 10,000 Yuan to the criminal behind the scam through the Agricultural bank in Xinxiang where he was found.It's understood that the money was Mr Xiong's savings which he had brought from hometown Zhoukou to Xinxiang a month ago in order to start a small business.He contacted the police and the bank as soon as he realised he had been conned.But this morning he went back to the bank and committed suicide after he was allegedly unable to cope with his loss.Mr Xiong hanged himself right outside the front doors of the bank,by the time the police had turned up to remove his body a crowd had gathered around him.One of the pictures taken at the scene show a person kneeling down in front of Mr Xiong,but it has not been reported whether or not this person is a friend or relative.Police soon removed his body from the front of the bank and are investigating the incident.One month photo below. 
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