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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COURT CONVICTS CAR DEALER FOR FRAUD IN GOMBE.{PHOTO}.#PRESS RELEASE.

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     The Economic and Financial Crimes Commission, EFCC Gombe zonal office has secured the conviction of one Usman Musa Zambuk before Justice Biatrice Iliya of the Gombe State High Court on a one-count charge bordering on criminal breach of trust.
The convict was arraigned before the court following a petition by one Muhammed Gombe alleging that they entered into a business agreement in which the complainant invested the sum of N1,060,000.00 (One Million, Sixty Thousand Naira). The convict was to oversee the business by going to Cotonou, Benin Republic to buy fairly used cars to sell in Jalingo with the aim of them both sharing the profit.
Zambuk, however, diverted the money to his personal used, and so committed an offence contrary to Section 311 and Punishable under Section 312 of the Penal Code Law.
When the charge was read to him, he pleaded "guilty" immediately.
Counsel for the EFCC, G.I. Indeh, thus urged the court to convict and sentence him accordingly.
Justice Iliya, thereafter, pronounced him guilty and ordered him to pay a fine of N50,000. He was also ordered to refund the N1,060,000 to his victim as restitution.
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