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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N1.64BN FRAUD: EFCC CHALLENGES EX-TARABA GOV NYAME'S TESTIMONY IN COURT TODAY.{PHOTO}.

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        The EFCC, on October 3, 2017 confronted a former Taraba State governor, Jolly Nyame, with documents challenging his testimony in court, and his claim that he was never involved in state transactions, which formed the basis of his N1.64 billion fraud trial.
Nyame, who took to the dock to defend himself, after Justice Adebukola Banjoko, of the Federal Capital Territory, FCT High Court, Gudu, on February 14, 2017 dismissed his “no-case” submission, had exonerated himself during his evidence-in-chief, led by his counsel, Olalekan Ojo, denying all the charges.
Testifying as the 4th defence witness, Nyame had on September 20, 2017 described as “the figment of his imagination”, testimony of the 8th prosecution witness, Abdulrahman Mohammed, an accountant with the state, who in court testified that he brought N24.3 million cash “meant for purchase of grains” to the former governor.
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