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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EFCC ARRAIGNED A MAN TODAY FOR N7.2 MILLION FRAUD AT IBADAN.{PHOTO}.

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    The Economic and Financial Crimes Commission, EFCC, Ibadan Office, today June 5, 2018 arraigned one Oladejo Sherif before Justice A. N. Akintola of the Oyo State High Court sitting in Ibadan, on one-count charge of fraud to the tune of N7, 200, 000 (Seven Million Two Hundred Thousand Naira) only. The offence is contrary to section 390 (9) of the Criminal Code Laws of Oyo State of Nigeria. Sherif however, pleaded not guilty to the charge preferred against him.
Consequent upon his plea, prosecution counsel Ben Ubi indicated his readiness to commence trial immediately having brought his witnesses to court. He thereafter prayed the court to remand the defendant in prison custody. The defense counsel, Hammed Opasola informed the court that he has no written application for bail but prayed the court to allow him make an oral application for bail but insisted that the court is a court of record.Justice Akintola however refused the defense's oral application and ordered that the defendant be remanded in prison custody pending the filing and hearing of his bail application. The case is however adjourned to 18 September, 2018 for trial.
The count on which he is charged reads: "that you, Oladejo Sherif on or about the 10th of February 2017 at Ibadan Judicial Division stole the sum of N7, 200, 000.00 (Seven Million Two Hundred Thousand Naira) only out of N15,000,000.00 (Fifteen Million Naira) only property of one Adebowale Adesiyan which sum was given to you for the purchase of vehicles for the said Adebowale Adesiyan".
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