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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N600M FRAUD: EX-NAVAL CHIEF,JUBRIN & OTHERS GET N100M BAIL.{PHOTOS}.

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                         Justice A.S. Umar of the FCT High Court sitting in Msitama yesterday wednesday,September 28,2016 granted bail to a former Chief of Naval Staff,Vice Admiral Usman O. Jubrin and two others for an offence bordering on criminal conspiracy brought against them by the EFCC.Others are Rear Admiral Bala Mshella {rtd} and Rear Admiral Sheu Ahmadu {rtd}.They were docked alongside Harbour Bay International Limited by the anti-graft agency on tuesday,September 27,2016.The naval chiefs,whilst in office,allegedly bought a hiuse worth N600 million from the account of Naval Engeineering Services without the said purchase contract being captured in the budget.More photos below.

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