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

F.H.C,UNFREEZES 16 ACCOUNTS BELONGING TO PATIENCE JONATHAN TODAY.

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         An Abuja Division of the Federal High Court has set aside its order made on May 30, freezing 16 accounts belonging to wife of former President Goodluck Jonathan.
Justice Binta Nyako withdrew the order on Tuesday on the grounds that the Economic and Financial Crimes Commission which secured the freezing order failed to conduct its investigation into the alleged infractions involving the 16 accounts.
The court’s decision followed an application by the counsel to Mrs. Jonathan asking the court to set aside an ex-parte motion filed by the EFCC for continued control of the accounts.The lawyer, Mike Ozekhome, described EFCC’s motion as an abuse of court process.Mr. Ozekhome told pressmen that the court had ordered the EFCC to conduct its investigation within 90 days of freezing the accounts in May, but that the commission failed to carry out the said investigation.“The judge, Justice Binta, had given the EFCC 90 days within which to investigate and prosecute parties involved in the allegations but they never did that. So we asked the court to set aside the interim forfeiture order. The judge set aside the order granted on May 30,” Mr. Ozekhome said.
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