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

EFCC ARREST BANKER FOR ALLEGED N18 MILLION FRAUD.{PHOTO}.#PRESS RELEASE.


     The Benin Zonal Office of the Economic and Financial Crimes Commission, EFCC, has arrested a staff of First Bank of Nigeria Plc, Philips Orumade, for allegedly stealing the sum of Eighteen Million, Nine Hundred Thousand naira ( N18,900,000) from the bank.
Orumade, who was said to be in charge of ATM gallery keys at Aduwawa branch of the bank , on November 3 , 2019 allegedly disappeared with the said amount and efforts to trace him proved abortive.
According to the bank, the suspect was captured by the CCTV footage, walking into the ATM gallery, before using a nylon bag to cover the CCTV. The suspect has been on the run and was recently apprehended in Lagos.
He has made useful statements and will soon be charged to court as soon as investigations are completed.
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