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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EFCC ARRAIGNS FORMER MTN STAFF FOR FORGERY.{PHOTO}.

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Image may contain: 1 person, close-up                            The Economic and Financial Crimes Commission,EFCC,yesterday wednesday 1,February 2016 arraigned one Prince Spencer Adikibi,before Justice U.N Agomoh of the Federal High Court,sitting in Port Harcourt on a 2 count charge bordering on forgery.The complainant,MTN Nigeria Communications Limited alleged that sometimes in 2008 the defendant,a former staff of MTN,a Based Transceiver Station {BTS} land acquisition officer in Port Harcourt allegedly forged and signed a renewal of Tenancy Mast Space Document to one Allwell Onyeotito,the landlord of the said property where MTN Mast was erected.
According to investigation,the lease was meant for 10 years which was paid for by MTN but the defendant in a bid to defraud the complainant,forged and utter the company's documents,thereby shortening the period of the contract to Five Years and diverted the balance of the funds for his personal use.
In view of his plea,the prosecution counsel,A Osu asked the court to fix a date for trial.The defense counsel,J.N.C Anderson pleaded with the court to grant her client bail.
Justice Agomoh granted the defendant bail in the sum of Two hundred Thousand Naira {200,000,00}.She also ordered that he should deposit the originals of his Law Degree and Call to Bar certificates with the Registrar of the Court pending the determination of the case.
The case was adjourned to the 11th ,12th,13th, & 14th April,2017 for trial.
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