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
A Federal High Court,sitting in Benin-City,Edo State has convicted and sentenced to 18 months imprisonment one Collins Osadolor alias Albert Lin.Osadolor was first arraigned by the Economic and Financial Crimes Commission,EFCC,on 13 November,2015 on a three count charge bordering on possession of fraudulent document containing false pretenses.Specifically,he defrauded an American lady,identified as Karry the sum of $250 {Two Hundred and Fifty Dollars} which he admitted and refunded.Upon his arraignment,the convict pleaded not guilty to the charge,but later changed his plea to ''guilty''.Justice P.I Ajoku consequently convicted Osadolor and sentenced him to 18 months imprisonment without an option of fine.One of the count read: ''Collins Osadolor alias Albert Lin on or about the 27th of August 2015 in Benin City,Edo State within the jurisdiction of this Honourable Court had in your possession in your email inbox folder a fraudulent document containing a false pretence dated 5th August 2015 with the subject: 'Re: Hello' which you knew to be false pretence and thereby committed an offence contrary to section 6 of the Advance Fee Fraud and Other Related Offences Act 2006 and punishable under section 1{3} of the same Act''.
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