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

4 PEOPLE BAGS FIVE YEARS JAIL TERM FOR FAKE CURRENCY POSSESSION.{PHOTOS}.

Image may contain: 2 people, people standing                  The Economic and Financial Crimes Commission today March 9,2017 secured the conviction of four counterfeit currency dealers before Justice Simon Amobeda of the Federal High Court Kebbi on a four count charge of conspiracy and possession of counterfeit currency.
The convicts,Usman Ahmed,Isiyaku Mohammed,Mohammed Abubakar Badadi and Rilwanu Abdullahi were arrested by officers off the Nigeria Security and Civil Defence Corps at Birnin Kebbi while in possession of a sum of N583,000 {Five Hundred and Eighty Three Thousand Naira Only} in fake one thousand Naira notes.The case was eventually transferred to the commission for further investigation.
After listening to the charge,all the accused persons pleaded guilty to the four count charge.In view of the plea of the accused persons,prosecution counsel,N.K Ukoha urged the court to convict them accordingly.Justice Amobeda convicted all the accused persons as charged,before sentence was delivered,counsel for the defendants S.B Ka'oje pleaded with the court to tamper justice with mercy given that the convicts are first time offenders with no criminal record.He added that the coonvicts are all family men with children and many defendants.
In his ruling,Justice Amobeda sentenced the convicts to five years imprisonment on each of the four count charge.The sentence is to run concurrently and also to begin from the day of their arrest.
One of the charge read that ''You Usman Ahmed,Isiyaku Mohammed,Mohammed Abubakar Badadi and Rilwanu Abdullahi on or about 8th July,2016 in Birnin Kebbi within the jurisdiction of the Federal High Court did conspire among yourselves to do an unlawful act to wit;being in possession of 583 pieces of 1000 Nigeria Naira Notes and thereby committed an offense contrary and punishable under section 516 of the Criminal Code''.One more photo below.
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