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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GT BANK IS USING EFCC TO INTIMIDATE,FIGHT ME-INNOCENT CHUKWUMA.{PHOTO}

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         Chief Innocent Chukwuma, CEO of Innoson group of companies has opened up on his arrest by the Economic and financial crimes commission, EFCC on Tuesday morning.
Innocent says that the EFFC is being used by Guaranty trust bank(GT bank) to intimidate him.
In a statement to Vanguard from his detention room in the Enugu branch of the commission, he revealed that the Bank owed him an undisclosed sum of money which a court had ruled in his favour.
He said, “But instead of the Bank to pay me my money, they are using EFCC to intimidate me,”. he promised to give full details to the public on his encounter with the anti-graft agency.
However, a representative of the EFCC, Mr. Chris Oluka, told newsmen that Innocent Chukwuma put up resistance to arrest. “He did put up some resistance by using some trucks to block our way to his residence but we finally arrested him,”.It was learnt that Chief Innocent Chukwuma will soon be transferred to the Lagos office of the commission.
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