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
The EFCC,on August 2,2016 arrested a level six officer of the Accounts Department of the Federal Airports Authority of Nigeria,FAAN,Christy Olabode,for an alleged fraud to the tune of N100 million.Also arrested was her younger brother,Abdul-Shehu Obaze,a staff at the Commercial Department of FAAN in Ilorin,Kwara State,and Dominic Ojo,an IT officer at FAAN Heafquarters,Lagos.Her arrest followed an anonymous petition,which indicated that she allegedly diverted the said sum,by inserting names of non-FAAN staff into its payroll.She allegedly conspired with Obaze,to perpetrate the fraud.Obaze was found to have maintained not less than eight accounts in seven new generation banks,which were used to receive the funds for onward distribution to ''several high ranking officers within the FAAN''.The funds were being paid into his various bank accounts with the narrative,''Furniture Allowance''.However,while allowance for FAAN's furniture is usually paid once in three years,Obaze received the ''allowance'' several times within a year.Investigations carried out by the EFCC revealed that the fraud had gone on since 2013.It unearthed a payroll with names of many dead,retired and disengaged staff of FAAN listed against Obaze's different bank accounts.Upon interrogation,Obaze,a level nine officer,confessed that other FAAN officials were involved in the massive fraud,including Olabode's husband who works in the Human Resources department of FAAN.Olabode and Ojo currently enjoyed administrative bail,while Obaze remains in EFCC custody.They would be charged to court as soon as investigations are concluded.For now one picture is provided but i will upload the rest iif provided.One more photo below. 
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