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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EFCC ARRAIGNS FORMER OAU VC,BURSAR TODAY OVER N1.4BN FRAUD.{PHOTOS}.

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Image may contain: 1 person, smiling                     Ibadan Zonal Office of the Economic and Financial Crimes Commission,EFCC.today July 7,2017 arraigned the former acting Vice Chancellor,Obsfemi Awolowo University,Prof. Anthony Elujoba and the University Bursar,Mrs Aderonke Akeredolu before Justice A.D. Oladimeji of the Osun State High Court sitting in Ede on a 7-count charge bordering on conspiracy,stealing,abuse of office and using position for gratification.The defendants were arraigned following a petition alleging that Elujoba,alongside the Bursar,diverted the sum of One Billion,Four Hundred Thousand Naira from the University's Fixed Assets and Endowment Fund without approval from the Federal Ministry and Governing Council of the University to pay some unapproved allowances from which he paid himself N7m {Seven Million Naira} furniture allowance.Justice Oladimeji adjourned the case to 11 July,2017 for hearing of the bail applications.Meanwhile the court ordered that the defendants be remanded in the EFCC custody.One more photo below.
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