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 MAN FOR STEALING $56,000 FROM BISHOP OYEDEPO'S BOOK STORE.{PHOTO}

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      The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, on Wednesday, February 28, 2018, arraigned one Chimezie Chuta before Justice Mojisola Dada of the State High Court sitting in Ikeja, Lagos on a one-count charge bordering on stealing to the tune of $56,000.00 (Fifty-six Thousand United States Dollars).
The offence is contrary to Section 285(7) of the Criminal Code Law of Lagos State No. 11 of 2011.The defendant, a former employee in the publishing unit of Dominion Book Stores, an online book store belonging to The Living Faith Church Worldwide, allegedly hacked into the company's mail and diverted payments for some goods bought by online customers to his personal account.The defendant, who was said to have been an active member of the Living Faith Church Worldwide for six years, sometime in 2013, proposed to the church to build an online digital media store that would showcase all of Bishop David Oyedepo’s books and audio messages online to enable members of the church in the Diaspora to buy them and also receive digital copies.Investigation revealed that the project was approved by the Church absolutely free of charge on contract basis.It was further revealed that the defendant handed over all the relevant materials to the ICT Department of the church.However, the defendant was alleged to have later gone behind to hack into the computer server of the church to perpetrate the fraudulent act.When the charge was read to the defendant, he pleaded not guilty.In view of his plea, the prosecution counsel, Gabriel Akaogu, asked the court for a trial date and prayed the court to remand the defendant in prison custody.However, the defence counsel, R.E. Osige, urged the court to admit his client to bail.Justice Dada adjourned the case to March 7, 2018 for hearing of bail application and commencement of the trial.
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