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

EFCC ARRAIGNS TWO BANKERS FOR N27 MILLION FRAUD TODAY.{PHOTO}.

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      The Economic and Financial Crimes Commission Ibadan Zonal Office on Friday 2nd February, 2018 arraigned the duo of Ebenezer Adelowo and Walter Ekomaye before Justice M. L. Owolabi of the State High Court sitting in Iyaganku, Ibadan, Oyo State.
They were arraigned on different and separate charges bordering on conspiracy, stealing and obtaining money under false pretenses.While Ebenezer and Walter were arraigned together on a three- count charge bordering on conspiracy and stealing, Ebenezer answered to another separate five count charge alone for obtaining money under false pretenses respectively. They both pleaded not guilty to all the charges preferred against them.In view of their plea, prosecution counsel, Adeola Elumaro prayed the court for a trial date. However, counsel to the first defendant, Degbile Moronkeji informed the court of an application for bail filed on 31st January, 2018, which he said is before the court. He thereafter prayed the court to allow the first defendant remain in the EFCC's custody pending ruling on his bail application. Counsel to the second defendant also informed the court of his bail application filed this morning.Justice Owolabi however, ordered that the defendants be remanded in EFCC's custody pending the determination of their bail applications.The case is adjourned to 16 February, 2018 for hearing of bail applications.Walter Ekomaye (39) and Ebenezer Adelowo (31) were arraigned sequel to a petition from a Regional Control Compliance Officer and Zonal Control Compliance Officer of a bank (name withheld) alleging that sometimes in December, 2017, the duo were involved in an illegal withdrawal of funds from customer's accounts totaling N23million. It was further alleged that they took advantage of their position as account officers to some of the bank customers to perpetrate the fraud.According to the petition, Ebenezer allegedly collected over N27Million from different Bureau-de-change outlets under the pretense that he will give them the dollar equivalent.
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