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

MINUTES AFTER THE FHC IN LAGOS ORDERED THE DSS TO RELEASE IFEANYI UBAH WITHIN 48 HOURS,THE COURT GAVE DSS THE NOD TO DETAIN HIM FOR ANOTHER 14 DAYS,TODAY.

Image result for ifeanyi ubah              According to Punch Newspaper,the Federal High Court in Lagos has ordered the Department of States Services to within 48 hours release the Managing Director of Capital Oil and Gas Limited,Ifeanyi Ubah,who has been in custody since May.In a ruling today thursday,the judge dismissed the objection by the DSS and the NNPC and ordered that Ubah should be released with 48 hours.But Minutes after a Federal High Court in Lagos ordered the Department of State Service to release embattled oil magnate,Ifeanyi Ubah,within 48 hours,another court in the Federal Capital Territory has given the agency the nod to hold him for another 14 days.Justice Yusug Halilu of the FCT Federal High Court today thursday extended the detention order of the Chief Executive Officer of Capital Oil and Gas Ltd following an ex-parte application the DSS filed through its lawyer Mr G.O.A Agbadua.The agency said it filed the application considering that an earlier order the court granted it on May 10,elapsed on wednesday.
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