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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SARAKI'S FALSE ASSET DECLARATION CASE,ADJOURNED TILL MARCH 18.

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                          A tribunal considering false asset declaration charges levelled at Nigeria Senate President Bukula Saraki was adjourned yesterday friday to deal with questions over its authority.Saraki who heads the upper house of parliament,has pleaded not guilty to charges that he falsely declared his assets when he was governor of Kwara state from 2003 to 2011.The 13 charges he faces at the national Code of Conduct Tribunal, a special court that tries asset declaration misdemeanors,mostlt relate to the ownership of land held by his company Carlisle Properties Ltd during that period. Other allegations include transferring $3.4 million to an account outside Nigeria while he was governor,and sending 1.5 million pounds {$2.1 million} to a European account to cover a mortgage for a London property.The case was adjourned until March 18.More photos below.                  

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