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

SUPREME COURT THROWS OUT METUH'S APPEAL TODAY,SEEKING TOO STOP N400M FRAUD TRIAL.

Image result for olisa metuh             Olisa Metuh,a former spokesperson of the Peoples Democratic Party,PDP,has again lost his bid to stop his N400 million fraud trial,as the Supreme Court,on June 9,2017 dismissed his application seeking for a stay of proceedings.Metuh is standing trial along with Destra Investment Limited for the alleged fraud.He is facing a seven-count charge brought against him by the Economic and Financial Crimes Commission,EFCC,before Justice Okon Abang of the Federal High Court,Abuja.He had filed the application through his counsel,Onyeachi Ikpeazu,SAN,seeking for a stay of proceedings at the High Court.Ikpeazu had at the March 22 ,2017 sitting before Justice Abang,also applied to the court to ''stay proceedings'',as the Supreme Court,according to him had at the time already begun hearing the appeal.He had argued that the High Court' ought to defer to the Supremme Court'',which had fixed June 9,2017 to rule on the application.His application was however,vehemently opposed by prosecution counsel,Sylvanus Tahir,who had argued that it was ''a ploy to waste the time of the court''.Justice Abang had fied May 2,2017 to rule on Ikpeazu's application for a ''stay of proceedings '' but could not deliver the ruling,noting that the ruling was not ready.Metuh had on May 24,2016 also lost at the Appeal Court,to overturn the decision of Justice Abang who had on March 9,2016 dismissed a similar application.Tahir,who commended the ruling,noted that ''the significant aspect of the ruling is that before now,it is only at the level of the Court of Appeal that the issue of Section 306 of the Administration of Criminal Justice Act,ACJA 2015 has been tested''.Metuh's trial is therefore expected to continue on June 19,2017 before Justice Abang.
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