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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A MAN WAS SENTENCED YESTERDAY BY KANO HIGH COURT TO 195 YEARS FOR STEALING.{PHOTOS}.

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                               Kano State High Court presided by Honourable Justice Dije Abdu Aboki has convicted and sentenced on Aliyu Suleiman to 195 years imprisonment.The convict was arraigned by the EFCC on the 30th of September,2014,for allegedly stealing over N21,000,000 {Twenty one Million Naira only} from Albasu Micro-finance Bank.Upon his arraignment,the convict pleaded not guilty to all the count charge brought against him by the EFCC.In her judgement yesterday wednesday,November 2,2016,Justice Aboki sentenced the convict to serve two years on each of count one to forty four and fine of N300,000 on each.Where the convict defaults the fine,he is to serve additional six months imprisonment.From count 45 to 74,the convict was sentenced to fine of N500,000 or twelve months imprisonment on each count while on count 75 to 105,he is to pay fine of N200,000 or twelve months imprisonment on each count with the exception of count 97 which appeared to be duplication.The sentence were to run concurrently.The convict was also ordered to restitute the sum of N14,815,00 {Fourteen Million,Eight Hundred and Fifteen Thousand Naira Only} to the Albasu Community or spend five more years in prison.The convict was a former staff of Oceanic Bank who was engaged and entrusted by the Albasu Community to take charge of their Microfinance Bank.While in charge,the convict violated that trust and siphoned over N21,000,000 {Twenty Million Naira} by foging signatures of the other signatories to the funds.One more photo below.
                           

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