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 MEN TODAY FOR ILLEGAL OIL DEAL IN LAGOS.{PHOTO].

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    The Economic and Financial Crimes Commission, EFCC, on Wednesday, July 18, 2018 arraigned the duo of Omosehin Ipinle and Nsikak Friday before Justice Muslim. S. Hassan of the Federal High Court sitting in Ikoyi, Lagos on a three-count charge bordering on dealing in Automotive Gas Oil (AGO) without appropriate licence, an offence contrary to the Miscellaneous Offences Act, Cap MM17 Laws of the Federation of Nigeria 2004.
The defendants were charged alongside a vessel, MV D'Dove 1, and a company, Banjul Energy Limited.
Count one reads: “MV D' Dove 1, Banjul Energy Limited, Omosehin Ipinle and Nsikak Friday, on the 13th day of August, 2017 in Lagos, within the jurisdiction of this Honourable Court, conspired amongst yourselves to commit an offence to wit: dealing in 120 Metric Tonnes of Automotive Gas Oil (AGO) without appropriate licence and thereby committed an offence contrary to section 3(6) of the miscellaneous offences Act, Cap M17, Law of the Federation of Nigeria 2004 and punishable under section 1(17) of the same Act." 
The accused persons pleaded not guilty to the charge when it was read to them.
In view of their pleas, the prosecution counsel, Idris Mohammed, prayed the court for a trial date and asked that the defendants be remanded in prison custody.
However, counsel to the defendants, E. O. Ajah, prayed the court for a short adjournment for hearing of the bail application.Consequently, Justice Hassan ordered that the defendants be remanded in Ikoyi prison and adjourned the case to August 2, 2018 for hearing of the bail application
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