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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WE BOUGHT 36 JEEPS FOR N36.5 MILLION EACH NOT 108 CARS-SENATE.

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                          Today tuesday,the Nigerian Senate said that they bought 36 Land Cruiser VXR V8 jeeps at N36.5 million each for its members.The upper chamber also said no member has taken the car loan granted them at the inception of the Eight Senate.The 36 cars at the rate of N36.5 million each give about N1.314 billion.Chairman,Senate Services,Senator Ibrahim Abdullahi Gobir,who handled the controversial car purchase deal,gave the explanation in Abuja.He said contrary to reports making the rounds that the Senate bought 108 cars for its me,bers,only 36 cars were purchased by the upper chamber.The Sokoto East Senator told reporters that the explanation became necessary because of the need for Nigerians to understand what transpired and for the Senate to clear the erroneous impression created in the minds of most Nigerians about the car purchase.He described the 36 vehicles as ''utility cars'' distributed on one per state basis.Senator Gobir explained that the Senate during a closed session decided to buy the cars as utility cars for its members on one per states basis.He also said it is not true that the vehicles were purchased with the 2016 appropriation.According to him,funds for the purchase of the cars were in the 2015 appropriation.More photos below.                                                                                                               

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