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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COURT ADJOURNS MURTALA NYAKO'S TRIAL TO MAY 6.

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                The Economic and Financial Crimes Commission,EFCC on friday,April 22, 2016 presented its fifth witness in the ongoing trial of a former governor of Adamawa State,Murtala Nyako,his son,Senator Abdul-Aziz Nyako,Abubakar Aliyu and Zulkifikk Abba.Nyako and the others are standing trial before Justice E.Chukwu of the Federal High Court,Abuja in a 37 count charge bordering on criminal conspiracy,stealing,abuse of office and money laundering to the tune of N29 billion preferred against them by the Economic and Financial Crimes Commission,EFCC.They are alleged to have at various times between 2011 and 2013,used five companies-Blue Opal Nigeria limited,Serore Farms & Extension Limited,Pagoda Fortunes Limited,Towers Assets Management Limited and Crust Energy Limited to commit the fraud..One more photo below.                                          

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