LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE
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
Former Chairman of Bagoro Local Government Area of Bauchi State,Andrew Adamu,on August 15,2016,refunded the sum of N5,000,000.{Five Million Naira}to the EFCC Gombe zonal office.He had earlier made a refund of One Million Naira {1,000,000.00} out of the Twelve Million,and Sixty Thousand Naira {N12,060,000.00} that was disbursed to the local government area in the build-up to the 2015 presidential election.Adamu admitted to the zonal office of the Commission during interrogation that he signed and collected the said amount in the presence of Hon. Marcus Bulus Makama, a current member of the the Bauchi State House of Assrmbly and former caretaker chairman of the local government,Mrs Hasanna Arkila who signed as witnesses for the collection of the amount.All the suspects reported to the zonal office of the Commission,and agreed to return the money to the Commission.
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