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

THE COURT OF APPEAL VERDICT VINDICATES ME-SARAKI+AS 15 OUT OF THE 18 CHARGES AGAINST HIM WERE DROPPED TODAY.{READ}

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       Senate President Bukola Saraki took to his social media to write ''We noted the verdict of the Court of Appeal Court today in which it agreed with the decision of the Code of Conduct Tribunal that Senate President, Dr. Bukola Saraki has no case to answer on 15 of the 18 charges filed against him by the Federal Government.
We believe that upholding the no case submission by Dr. Saraki with regards to 15 of the 18 counts charges vindicates the innocence of the Senate President. At least, today's judgement has confirmed the position of the Tribunal that the prosecution's case was entirely based on hearsay, not on any concrete evidence.
The verdict of the Court of Appeal, just like that of the Tribunal before it, aligned with our position that the preposterous claims made during trial by the prosecution concerning operation of foreign accounts, making anticipatory declarations, collecting double salaries, owning assets beyond his income and failure to declare assets owned by companies in which the Senate President owns interests, among others, have fallen like a pack of cards and lack any basis.
On the remaining three counts, which really touch on two issues, referred back to the Tribunal for the Senate President's defence, it should be noted that the Appellate Court only gave a summary of its decision today promising to provide the parties with Certified True Copies of the Judgment soon. As soon as it makes the details of the judgement available, our lawyers will review the grounds of the decision and take appropriate action.
We remain convinced about the innocence of the Senate President on the three ( or two) counts because we believe the decision of the Court of Appeal is not consistent with the submissions made by both parties at the Tribunal. Thus, it is our view that that aspect of the judgment will not stand.
The confidence and faith of Dr. Saraki in the nation's judiciary and its ability to dispense justice to all manners of people remains unshaken.
Signed:
Yusuph Olaniyonu  
Special Adviser (Media and Publicity)
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