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 TRACES N5BN PROPERTIES TO EX-PLATEAU GOV. JANG.{PHOTO}.#PRESS RELEASE.

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     The Economic and Financial Crimes Commission, EFCC, has traced properties worth N500, 000,000 (Five Hundred Million Naira) only to former Plateau State governor, Jonah Jang. The properties are located at No. 8 and 9 Gobarau Road Unguwan Rimi GRA Kaduna State.
Preliminary investigations revealed that the said properties were purchased from New Capital Properties Limited, a subsidiary of Northern Nigerian Development Company, NNDC, Kaduna.It would be recalled that the EFCC on May 7, 2018 filed 12 count charges against the immediate past governor for an alleged fraud of about N6.3bn (Six Billion Three Hundred Million Naira). A serving Senator representing Plateau-North Senatorial District, Jang who is being prosecuted before a Plateau State High Court, allegedly embezzled some special funds released to the state by the Central Bank of Nigeria.
The former governor is also said to have abused his office as the governor by collecting money to the tune of N4.3bn from the state coffers through the cashier of the Office of the Secretary to the State Government, Yusuf Pam. One of the count charge revealed that the former governor was allegedly diverted N2bn released by the CBN for disbursement to Small and Medium Enterprises in the state under the Micro, Small and Medium Enterprises Development Funds, just a month before the expiration of his tenure in April 2015.
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