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
The Economic and Financial Crimes Commission,EFCC,has taken over some bank accounts and propertied traced to a former Special Adviser to Dan Abia,erstwhile managing director of Niger Delta Commission,NDDC,Mr George Turnah.The confiscation was done yesterday thursday sequel to an interim forfeiture order granted the Commission by a Federal High Court sitting in Port Harcourt,Rivers State.One of the properties covered by the forfeiture order and which had been attached by the EFCC is a massive complete building known as ''KOLO VILLA'' in Kolo Town,Ogbia Local Government Area of Bayelsa State.Other properties will soon be attached.It would be recalled that Justice Ibrahim Watilat granted the interim forfeiture order based on an application filed before the court by the EFCC's counsel,Adebola Olatunji.Turnh,together with seven companies,were arraigned by false pretense,money laundering and abuse of office to the tune of N3,094,268,235.69 {Three Billion,Ninety Four Million,Two Hundred and Thirty Five Naira,Sixty Nine kobo}.The seven companies arraigned with Turnah are: El Godmas Global Servies Limited; Turnoil and Gas Nigeria Limited; Kolo Creek Petroleum Development Limited; Celtic Pride Consult and Events; Yenagoa Mall,Adaka Boro Marine Services Limited and Sugarland Intergrated farms Nigeria Limited.More photos below.
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