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

5 NIGERIANS ARRESTED IN DUBAI AFTER THEY ROBBED A MONEY EXCHANGE PLACE AND STOLE DH2.3 MILLION.{PHOTO}.


     Five Nigerians, who allegedly stormed a money exchange in Sharjah and fled with Dh2.3 million, have been arrested, the police said on Sunday.

According to the police, the men barged into the exchange and smashed the glass barrier between the customers and the staff, stole the money in multiple currencies and fled.
Two employees at the exchange were injured as they resisted the robbers. One of them managed to notify the police. The Sharjah Police coordinated with forces from Abu Dhabi, Ras Al Khaimah and Ajman to nab the suspects from four emirates within 48 hours after the robbery was committed. 
The incident was reported at Al Ansari Exchange in Al Tawoon area. A top police official said the suspects came to the UAE on visit visas on March 18.
For two days, they studied the exchange office before deciding to commit the robbery around midnight - just before the shop was to close. On March 20, four suspects stormed into the exchange office, while one waited in a car outside. After the four suspects rushed out with the money, they fled in a car.
Major-General Saif Al Zeri Al Shamsi, Commander-in-Chief of the Sharjah Police, said the whole amount has been recovered.
"The police team reached the site within seven minutes after the robbery was reported. The injured staff members were rushed to the hospital, where they were discharged the next day," the officer said.
The police lifted forensic evidence from the site and formed a team to crack the case. "Arrest warrants for the suspects were circulated at all ports of the country to prevent them from leaving."
The police retrieved the number plate of the car in which the suspects fled.
Following this lead, they arrested one of the suspects in Sharjah. This suspect led the police to the others - two in Ajman, one in Abu Dhabi and one in Ras Al Khaimah.
The suspects, who confessed to the crime, have been referred to the public prosecution.

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