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 trial of the former governor of Benue State,Gabriel Suswam and his former Commissioner of Finance,Omadachi Okolobia before Justice A.R Mohammed at the Federal High Court,Abuja was stalled today wednesday,June 21,2017 due to the absence of the second defendant,Okolobia.Suswam and his co-accused were arraigned by the Economic and Financial Crimes Commission EFCC,on a nine-count charge,bordering on money laundering to the tune of N3.1billion.They were alleged to have diverted proceeds of the sale of shares owned by Benue Government and Benue Investment & Property Company Limited.The case,which has suffered several adjournments for over a year was to resume today,but coukld not go on as Okolobia,a second defendant in the suit,was markedly absent.His absence was attributed to his inability to meet bail conditions in another 32-count charge of fraud preferred against him,his principal {Suswan} and Jeneth Aluga,a former Accountant General of the State,by the Federal Government.According to Okolobia's counsel,Samson A. Eigege,''the absence of Okolobia was due to the fact that he was remanded on Monday in Kuje prison on the orders of Justice Kolawole.He had been granted bail,but the bail conditions are yet to be fulfilled as the surety earlier brought was rejected''.He urged the court to grant adjournment to enable them secure the release of the second defendant {Okolobia} for him to stand trial.Responding,Oluwaleke Atolagbe,counsel to EFCC,raised no objection to the adjournment,but brought to the notice of the court that the case was to be heard today and tomorrow {June 21 and 22} and requested that,''if the defence could meet the bail conditions today,the defendant would be released and trial should continue tomorrow with the defendant present''.On the other hand,Suswan's counsel,Tawo E. Tawo,SAN,told the court that he had no objecttion to the adjournment sought by Eigege as he was aware of the circumstances surrounding the second defendant's absence.He urged that adequate time should be given to the second defendant as tomorrow might not be feasible.Justice Mohammed,after listening to the submissions of counsels adjourned to September 28,2017 for continuation of trial.
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