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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EFCC QUIZZES FUTA VICE CHANCELLOR & BURSAR YESTERDAY IN IBADAN.{PHOTOS}.

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 Image result for FUTA VICE CHANCELLO PROFSSOR ADEBIYI DARAMOLA                         The EFCC quizzes FUTA Vice Chancellor,Bursar Professor Adebiyi Daramola,Vice Chancellor Federal University of Technology,Akure,Ondo State and the Bursar,Emmanuel Ademola Oresegun,are being quizzed at the Iyaganku office of the EFCC in Ibadan ysterday 5th of Octorber,2016 in respect of an alleged case of Abuse of Office and misappropriation of funds reported against the duo .According to the petition submitted to the Commission,it was alleged that the Vice Chancellor and the Bursar were involved in ''Corruption,fraud,Criminal Breach of Trust,Unlawful Enrichment and Conversion of millions of Naira of the University''.The Vice Chancellor allegedly drew Furniture Allowance annually instead of once in 4 years as approved and was paying himself Housing Allowance while residing in the University's Vice Chancellor's Quarters.The petition further alleged that he diverted funds from various unrelated subheads to finance other projects without the appropriate approvals for such virement.They are still undergoing interrogation as at the time.
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