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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N43M FRAUD: EFCC IBADAN ZONE ARRAIGNS 6 MEN FOR ABUSE OF OFFICE.{PHOTOS}.

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Image may contain: 5 people, people standing              The Economic and Financial Crimes Commission,EFCC,today wednesday May 17,2017,arraigned David Olayinka Olojede,Akingbade Latilo,Dr Gbadamosi Basiru,Oluwafemi Kujembola,Amobi Yunusa Akintola and Ogungbemi Olatokunbo before Justice M.A Onyetenu of the Federal High Court Osogbo on an Eight-count charge bordering on conspiracy and Money Laundering.The defendants however,pleaded not guilty to the charges.In view of their plea,prosecution counsel,Cosmos Ugwu prayed the court for a trial date and for the remand of the defendants in prison custody.He also informed the court that he was served a bail application this morningg and needs time to respond.However,counsels to the defendants informed the court of their bail applications dated 16th May,2017 and filed this morning and thereafter,prayed the court to allow them move same.Justice Onyetenu adjourned the case till May 20,2017 for hearing of the bail application.The defendants were former members of the governing council of the College of Education,Ila-Oragun.The Commission got wind of their activities through a petition alleging that they were involved in abuse of office,Investigations revealed that sometime in 2014,the Federal Government through Tetfund as a Special Intervention Fund,released the sum of 125 Million to the College for the building of a Lecture Threatre.The defendants as members of the governing council then,fraudulently released the sum of N102 Million to the contractor DigitPro Engineering Technology Ltd chaired by Mr John Ojemuyiwa Ojokerede {Who is already standing trial before the High Court of Osun State sitting at Ede on a separate charge}.Upon the released of the mobilization fee to the contractor,the contractor deducted a bribe of N43 Million from the original sum to the Council members as kick back and never executed the contract.The sum was collected by the 1st Defendant and subsequently distributed to the other defendants,who were also members of the council.One more photo below.
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