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

N70M FRAUD: COURT ADJOURNS NIMG DIRECTOR,BAMALI'S TRIAL TO NOV 12.{PHOTO}.

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    Justice Daniel Longji of the State High Court sitting in Jos, Plateau State, has adjourned a N70million fraud trial involving Engineer Umar Saidu Bamali, Director, Nigeria Institute of Mining and Geosciences, NIMG and his Procurement Officer, Adeniyi Adeosun, to November 12, 2018. 
The adjournment followed the decision of the second defendant, Adeosun, to plead guilty to the charge. 
The defendants allegedly diverted over N70million, money meant for allowances of staff of NIMG and contracts of printing of security and non-security documents. 
Specifically, Bamali, in 2015 allegedly misappropriated the sum of N32million belonging to the Institute, a sum he claimed was used as allowances for staff, while nobody was promoted that year
He was also said to have converted to personal use, over N17million belonging to NIMG, a sum realized by the Institute from the training conducted for Kano Youths, through the State Government. 
On his part, Adeosun was said to have received over N8million as kickbacks to compromise his official duties.
Arraigned on Monday, May 28, 2018, Bamali and Adeosun pleaded not guilty to the 6-count charge of conspiracy, misappropriation of funds and criminal breach of trust preferred against them by the EFCC. 
At the resumed sitting today, July 25, 2018, Adeosun’s counsel, T.J.J. Danjuma, informed the court of his client's intention to opt for plea bargain.“My lord, we have decided to explore the option of plea bargain”, he said.Consequently, the court adjourned for report on the plea bargain.
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