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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ACTING VC OF OAU & THEIR UNIVERSITY BURSAR WERE QUIZZED TODAY BY THE EFCC OVER MILLIONS OF NAIRA.{PHOTOS}.

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                      The acting Vice Chancellor,Obafemi Awolowo University,Prof. Anthony Elujoba and University Bursar,Mrs Aderronke Akeredolu are being quizzed at the Iyaganku officee of the Economic and Financial Crimes Commission,EFCC Ibadan,today 13th December,2016,in respect of an alleged case of illegal and corrupt diversion of N1.4 billion.According to the petition,Elujoba allegedly diverted the sum from the University's Fixed Assets and Endowment Fund without approval from the Federal Ministry and Governing Council of the University to pay some unapproved allowances from which he paid himself N7m {Seven Million Naira}.The VC and Bursar are still being interrogated.More photos below.

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