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

10 MEN BAGS FIVE YEARS JAIL TERM EACH FOR ILLEGAL OIL DEAL.{PHOTO}

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     The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, on Monday, August 6, 2018, secured the conviction and sentencing of 10 persons and a vessel, MV Peace, for their involvement in an illegal oil deal before Justice Muhammad B. Idris of the Federal High Court, sitting in Ikoyi, Lagos.
The convicts are: James Abatan, Wasiu Abdul Owonikoko, Patrick Ameh, Johnson Ademola, Felix Otto, Chigozie Oguike, Olu Salisu, Jomo Gadagbe, Kunle Oba Saheed Rasheed Adio and a vessel, MV Peace.They were intercepted about five nautical miles off the Lagos Fairway Buoy by the Nigerian Navy Ship Ikot-Abasi on April 4, 2015 on suspicion of illegal dealing in petroleum products and handed over to the EFCC for prosecution.The convicts were subsequently arraigned on July 23, 2015 on a three-count charge bordering on conspiracy and illegal dealing in petroleum products One of the counts reads: “ That you, MV Peace, James Abatan, Wasiu Abdul Owonikoko, Patrick Amen, Johnson Ademola, Felix Otto, Chigozie Oguike, Olu Salisu, Jomo Gadagbe, Kunle Oba Saheed and Rasheed Adio, on or about the 4th day of April, 2015 in Lagos within the jurisdiction of the Federal High Court, conspired amongst yourselves to commit an offence to wit: dealing in petroleum products without appropriate licence and thereby committed an offence contrary to Section 3 (6) of the Miscellaneous Offences Act, Cap M17, Laws of the Federation of Nigeria 2004 and punishable under Section (1) (17) of the same Act.”
Another count reads: “ That you, MV Peace, James Abatan, Wasiu Abdul Owonikoko, Patrick Amen, Johnson Ademola, Felix Otto, Chigozie Oguike, Olu Salisu, Jomo Gadagbe, Kunle Oba Saheed and Rasheed Adio on or about the 4th day of April, 2015 in Lagos within the jurisdiction of the Federal High Court, without appropriate licence dealt in 200 metric tons of petroleum product and thereby committed an offence punishable under Section (1) (17) of the Miscellaneous Offences Act, Cap M17, Law of the Federation of Nigeria 2004.”
The defendants pleaded not guilty to the charge preferred against them, thereby setting the stage for their trial.The prosecution counsel, Rotimi Oyedepo, in the course of the trial, presented witnesses and tendered several documents that were admitted in evidence by the court.
Delivering his judgment, Justice Idris held that the prosecution had proven beyond reasonable doubt the offence of conspiracy and illegal dealing in petroleum products levelled against the convicts.“It is beyond dispute that the prosecution has proven that the convicts loaded AGO aboard the vessel without appropriate license, which they also admitted in the extra-judicial statement.“The prosecution provided overwhelming evidence, which proves without reasonable doubt that the convicts, indeed, dealt in petroleum products.
“I, therefore, find them guilty as charged,” the judge further held.
The convicts were each sentenced to five years imprisonment on counts 1 and 2 of the charge and two years on count 3.The sentences are to run concurrently.
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