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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SERVING COUNCILLOR ARRAIGNED TODAY FOR ISSUING A DUD CHEQUE.{PHOTO}.

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       The EFCC on November 19, 2019, arraigned Theophilus Madami, a serving Councillor, before Justice Darius Khobo of State High Court Kaduna, on a two Count charge bordering on Issuance of Dud Cheque amounting to N 2, 310,000 (Two Million, Three Hundred and Ten Thousand Naira). Madami is currently on remand in prison custody following an earlier arraignment on November 14, 2019 on another matter of Criminal Breach of Trust and OBT brought against him.
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