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 RETURNS N36 MILLION TO SCHOOLS DUPED BY 3 SUSPECTED FRAUDSTERS YESTERDAY.{PHOTOS}.

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    The EFCC has returned the sum of N36, 186,12.00 (Thirty Six Million, One Hundred and Eighty-Six Thousand, Twelve Naira) to Mrs Ifeoma Chukwuogo, Proprietress of Jephtah International School, East-West Road, Port Harcourt, Rivers State. The money was recovered by the EFCC from three suspected fraudsters who allegedly diverted the school's money for their private uses. 
The suspects: Cyril Ameh Idakwoji, a staff of Access Bank plc who was the Account Officer of the school, Boma Obama Chisom, who posed as the Customer Relations Officer of the bank and Aderemi Adebayo Moses another accomplice who prints fake documents, allegedly diverted a sum of over N37,000,000( Thirty-seven Million Naira only) belonging to the school and thereby threw it into financial difficulties.More photos below.
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