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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ABA BASED DESIGNER 'UGOMDI OGBONNA '' DECIDED TO SPONSOR A 12 YEAR OLD GROUNDNUT SELLER THROUGH SCHOOL TO TERTIARY LEVEL.{PHOTOS}.

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      Chinenye Genevieve is reporting few minutes ago that ''This handsome 12years boy comes to my workshop every other morning to sell groundnut to my workers. He is so experienced in the business that he knows how to convince you to spend your last cash buying his product. Last week, I called him into my office and asked him why he is selling groundnut by this time of the day when he should be in school. Favour Emmanuel told me he doesn't enjoy selling groundnut but ever since they lost their father, life has become so difficult for them. They couldn't maintain their rent in Rivers state after the death of their father, so they moved back to Aba and joined their grandma in her one-room apartment. Groundnut has been our only means of survival he said. I told Favour to go home and bring his mother. The rest of the day with favour and his mum was spent with tears of joy as I told them I will take care of Favour's Education through Secondary and Tertiary level. Even though First Term is half spent, I still summoned the courage and begged a school principal to partner with me in taking favour out of the street by admitting him irrespective of his lateness. Finally, favour got registered, school fees and acceptance fees fully paid, school uniforms, shoes, books and other items fully provided''.More photos below.

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