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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N29BN FRAUD: COURT ADJOURNS EX-GOV. NYAKO'S TRIAL TO OCT. 23,2018.

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       Justice Okon Abang of the Federal High Court, sitting in Maitama, Abuja, on Wednesday, July 4, 2018, adjourned the trial of a former governor of Adamawa State, Murtala Nyako, to October 23, 2018 for continuation of the examination in-chief of the twentieth prosecution witness, Adekunle Odofin.
Odofin, a detective with the EFCC, had on July 3, 2018, testified to the effect that the petition against the defendant was investigated by his team. Documents establishing the alleged offence against the defendant were tendered through the witness and admitted in evidence by the court.At the resumed sitting today, Ibrahim Isiyaku, SAN, representing Senator Abdul-Aziz Nyako and Zulkifikk Abba (second and fourth defendants respectively) and Y. C Maikyau, SAN, representing ‎Abubakar Aliyu (third defendant) sought leave of the court for the international passports of their clients to be released to them, to enable them travel abroad to see their families and perform their religious rites.Justice Abang, in a bench ruling opined that “the three applications before the court deserve to succeed as the defendants have always attended their trial and have not done anything to delay their trial”.
“The Chief registrar of this court shall release their international passports to enable them travel to Saudi Arabia to perform their religious rites. They shall return on or before September 30, 2018 and deposit their international passport till the end of their trials”, the judge ruled.
Nyako is being prosecuted by the Economic and Financial Crimes Commission, EFCC, alongside his son, Senator Abdul-Aziz Nyako, Abubakar Aliyu and Zulkifikk Abba on a 37-count charge of criminal conspiracy, stealing, abuse of office and money laundering to the tune of N29billion.Five companies that allegedly served as conduit pipes for the illegal diversion of the funds - Blue Opal Limited, Sebore Farms & Extension Limited, Pagoda Fortunes Limited, Tower Assets Management Limited and Crust Energy Limited, were equally charged before the court as the 5th to 9th defendants.
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