LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE

Image
 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

NIGERIA EX-CHIEF OF DEFENSE STAFF ''BADEH'',PLEADED NOT GUILTY TODAY TO FRAUD & OTHER CHARGES IN COURT.

                         Today monday Nigeria's former chief of defense staff,pleaded not guilty to charge of fraud,criminal breach of trust and money laundering involving around 3 billion naira{$15.1 million}.Air Marshall Alex Badeh,who appeared at the Federal High Court in Abuja,denied allegations that he used money allocated for Nigeria's air force to buy a mansion and a commercial plot of land,and build a shopping mall.The Economic and Financial Crimes Commission said Badeh and a company in 2013,''did use dollar equivalent of the sum of 1.1 billion naira removed from the accounts of the Nigerian Air Force to purchase for yourself a mansion'',in Abuja's upmarket Maitama district.Among the other nine charges,all of which were denied by Badeh,were allegations that he and the company used the dollar equivalent of 650 million nara from air force funds to buy ''a commercial plot of land,with a further 1.2 billion naira used for the construction of a shopping mall''.The former defense chief was remanded in custody until his bail application hearing,which will take place on thursday.More photos below.                                                                                                 

Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).