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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JAMES IBORI,WAS RELEASED AND IMMEDIATELY RE-ARRESTED IN THE UNITED KINGDOM.

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                              Today wednesday,it was reported that ex-governor of Delta State,James Onanefe Ibori has completed his prison terms in the United Kingdom but his yet to be a free man,as he was immediately re-arrested.Ibori who was jailed for 13 years in April 2012 by a Southwark Crown court in London,was released by prison authorities on 22 January.He was released from Her Majesty's Prison in Bedford,outside of London,where he finished his prison term.He was also initially at the Long Lartin Prison in Worcestershire.Sources claimed that Ibori was re-arrested to face another charge,which borders on the confiscation of his ill-gotten assets,estimated to be about 250 million pounds.The case initially billed for May,will now come up in June.57 year old Ibori was jailed for using UK financial institutions to launder hundreds of millions of pound sterling he stole from public funds in Delta State.He was arrested on 13 of May 2010 in Dubai,United Arab Emirates under Interpol arrest warrants,issued from United Kingdom courtd and enacted by the Metropolitan Police.For now i can't confirm his present situation in prison.One more photo below.                                          

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