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

A WOMAN RECENTLY COMMITTED SUICIDE IN BENUE STATE OVER MMM INVESTMENT.{PHOTOS}.

                   Image result for woman commits suicide over mmm                       A woman in Benue State,who invested borrowed money in the popular MMM scheme,lost the money,has committed suicide.34 year old Gloria Samson had left her home in Makudi on 28 of 2016 around 9 pm leaving behind her two children both five years of age.As she took her leave,she bid her children bye and apologised for an wrong doing she might have committed against them and pleaded for forgiveness.The same message was reportedly sent through the children to her husband,David {pictured below},a printer who was still at work at  that time.She walked down to River Benue and drowned her self and her body was discovered by police on 2 January,2017.It was alleged that she decided to commit suicide due to the crash of MM,having invested a N.4 million loan she procured from places in town.Some staff of the local bank where she obtained the loan,but were oblivious of her death,also traced her to her residence,to notify her that she had defaulted in her loan payment,only to be informed that she had passed on.Her husband,David also said towards December,2016,he discovered she took a loan but there was nothing in the shop to suggest that she invested the money into her business.He explained further that he discovered that his wife became depressed around early December when the news of the crash in MMM filtered into town and asked her what the problem was,but she only told him that she was sick.One more photo below.
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