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

COURT RESERVES RULING ON VARIATION OF MAINA'S BAIL CONDITIONS,JANUARY 23.{PHOTOS}.

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      The trial of Abdulrasheed Maina, former Chairman, Pension Reform Task Team, continued on Tuesday, January 14, 2020 with Justice Okon Abang of the Federal High Court Abuja, deferring ruling on the application for the variation of his bail conditions to January 23. Maina is being prosecuted by the EFCC on a 12-count charge, bordering on operating fictitious bank accounts, fraud and money laundering to the tune of over N2billion, alongside his son, Faisal, who is facing a three-count charge of money laundering, corruption and lack of full disclosure of assets.
Though he was granted bail on November 25, 2019, Maina has remained in Kuje Correctional Centre, Abuja due to his failure to meet up with his bail conditions.
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