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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LAWYER IN EFCC NET OVER N7M LAND SCAM.{PHOTO}.#PRESS RELEASE.

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     The Economic and Financial Crimes Commission, (EFCC), Ilorin Zonal Office has arrested a legal practitioner, Akeem Jimoh for getting involved in an alleged scam over plots of land that belong to his client, one Alhaji Saka Kareem Oladele to the tune over N7million (Seven Million Naira).
Oladele in his petition to the EFCC alleged that he gave a power of attorney to Jimoh to sell his 35 plots of land, out of which he sold 20 plots to one Mr Michael Jolaiya.
Oladele further alleged that Barrister Jimoh after deducting his commissions on the 20 plots refused to remit the money realised from the sales to him. Jimoh he also alleged, having prepared a sale of land agreement for the 20 plots, still went ahead and fraudulently resold the plots of land to an unsuspecting buyer who have been erecting illegal structures on them, including the 15 plots that are yet to be sold.
"Despite all persuasions and attempts to settle this matter amicably with Mr Akeem Jimoh, he had turned deaf ear to wise counsel and believe that he is above the law. He has also boasted to deal with me”, Oladele stated.
The suspect during interrogation in the Commission, admitted that the petitioner gave him power of attorney to sell the plots of land.
According to him, "The land was handed over to me by Alhaji Saka Oladele via power of attorney dated 2004 to sell his 35 plots of land, situated at Tanker Area, Ilorin, Kwara State, but there was no specific amount mentioned in the power of attorney as at that time."
The suspect will soon be arraigned in court.
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