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 Economic and Financial Crimes Commission EFCC,today wednesday 23,November 2016,arraigned two Lebanese,Imad Harb and Toni Harb,along with their company: Transparent Construction Nig. Ltd before Justice E.N Oluedo of the State High Court Enugu,for allegedly conspiring and obtaining the sum of N1,760,000.00 {One Million Seven Hundred and Sixty Thousand Naira only} from one Desmond Ogadinma and subsequently issuing a postdated cheque that was returned unpaid.While taking their plea,the accused persons pleaded not guilty on all counts of the three count charge preferred against them by the EFCC.In view of their plea,the defense counsel Barr. I.O Ugwu immediately prayed the court to grant the accused persons bail as the offence was a bailable one.But the presiding Judge,Justice E.N Oluedo instantly turned down the application on the grounds that it was not properly filed,and as such,need time to see the application before the defense can move the motion for bail to be considered.Before adjourning to December 1,2016,for hearing of the bail application,the judge ordered that the accused persons be remanded in EFCC custody.Desmond Ogadinma owner of Rasing Cypon Global Services Limited petitioned the EFCC,alleging that Imad and Toni colluded between themselves to deny him payment for the supply of {800} bags of cement at the rate of N2,200.00 {Two Thousand,Two Hundred Naira only} per bag,which amounted to a total sum of N1,760,000.00 {One Million Seven Hundred and Sixty Thousand Naira only} which he supplied to them within April this year.According to him,the suspects issued him a post dated cheque which he presented on the due date,but it returned unpaid due to insufficient fund in the account.
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