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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N1.6BN SCAM: COURT GRANTS JIDE OMOKORE LEAVE TO TRAVEL,RULES ON APPLICATION CHALLENGING JURISDICTION JULY 5.

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Related image               Justice Nnamdi Dimgba of the Federal High Court,Abuja has granted the embattled Chairman of Atlantic Energy Brass Development Limited,Jide Omokore,who is standing trial for a N1.6 billion oil scam,the permission to travel abroad between July 11,2017 and September 10,2017.The trial judge has also fixed July 5,2017 to rule on an application challenging the jurisdiction of the court to entertain the matter.The application was brought by Abiye Membere,a former Group Executive Director,Exploration and Production of the Nigerian National Petroleum Corporation,NNPC.Omokore and his companies are standing trial along with Membere,Victor Briggs,former managing director of Nigerian Petroleum Development Company,NPDC;and David Mbanefo,Manager,Planning and Commercial of the NNPC.They were re-arraigned on November 21,2016 on a nine-count amended charge,of criminal diversion of about $1.6 billion alleged to be proceeds of petroleum products belonging to the federal government.Justice Dimgba,adjourned to June 22,2017 for hearing of the application challenging jurisdiction of the court,and adoption of written addresses and fixed July 5,2017 for ruling and continuation of trial depending on which way it goes.
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