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

SUPREME COURT THROWS OUT METUH'S APPEAL SEEKING TO STOP N400M FRAUD TRIAL.

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     The Supreme Court on Friday, February 9, 2018 dismissed the appeal by the former spokesperson of the Peoples Democratic Party, PDP, Olisa Metuh, seeking to halt his trial over alleged money laundering and fraud.
Metuh is standing trial alongside his company, Destra Investment Limited, on a 7-count charge bordering on money laundering to the tune of N400million, a sum he allegedly collected from the Office of the National Security Adviser, ONSA, ahead of the 2015 general election.He is being prosecuted by the Economic and Financial Crimes Commission, EFCC.Justice Okon Abang, had in March 2016, while ruling on Metuh’s no-case submission held that he “has a case to answer in the 7-count charge of fraud preferred against him and his company by the EFCC”.Dissatisfied, Metuh approached the Court of Appeal asking it to upturn the ruling of the trial court and stay further proceedings on the matter pending the determination of the interlocutory appeal.The Court of Appeal in May 2016 upheld by the ruling of the trial court and ordered Metuh to go and stand his trial. But still not done, Metuh proceeded to the Supreme Court seeking all legal means to halt the trial.In its ruling on Friday, a five-man panel of justices of the Supreme Court led by Justice Clara Ogunbiyi, which summary was read by Justice Ejembi Eko unanimously dismissed Metuh's application, giving the same reasons given by the lower court for its decision. The apex court affirmed the decision of the appellate court, which held that Metuh’s motion was incompetent as it failed to comply with constitutional provisions for the filing of such appeal. The court also held that Metuh was wrong to have brought the appeal without first seeking the leave of the lower court, or that of the Appeal Court.
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