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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FEDERAL HIGH COURT IN ABUJA,GRANTED HALIRU BELLO & HIS SON BAIL.

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                Today thursday it was reported that a Federal High Court in Abuja has granted the former acting national chairman of the People's Democratic Party,Haliru Bello,and his son Abba Bello,bail.Both men are standing trial for an alleged diversion of N300 million meant for the procurement of arms by the Office of the National Security Adviser.Two firms,BAM Projects and Properties Limited were charged along with the duo.The court set the bail sum at N300 million.Also,Bello and his son will provide two sureties each.One of each of the sureties must be a civil servant not below 12 in the civil service.The other surety must have properties in Abuja worth N300 million.The court also ruled that both defendants persons must deposit their travel documents with the court.It also ordered that both defendants are only to be released when they hve met their bail conditions.Therefore,Abba Bello will still be remanded at Kuje Prison,Abuja,while Haliru Bello will remain under the care of the Inspector General of Police.One more photos below.                                 

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