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 JAILS MAN FOR FALSE ASSET DECLARATION.{PHOTO}

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     The Gombe zonal office of the Economic and Financial Crimes Commission (EFCC) has secured the conviction of Haruna Adamu, before Justice Fatima Musa of the Gombe State High Court, on one count charge bordering on non- disclosure of assets and liabilities in the EFCC's Assets Declaration form.
Haruna was arrested sometimes in 2019, following claims by a petitioner alleging that he offered him a piece of land situated at Daki Biyu area of Abuja worth N12, 000, 000. 00k( Twelve Million Naira only)
The petitioner said he paid a sum of N7, 300,000.00k( Seven Million, Three Hundred Thousand Naira only) to purchase the land but could not gain possession because the original allottee of the land appeared and took ownership of the land. All efforts to get Haruna return the money collected from the petitioner proved abortive.
In the course of investigation, the convict was served an Assets Declaration to establish his banking history and other details but failed to disclose a bank account, where he has huge amount of money. He was consequently arraigned but pleaded guilty to the charge raised against him.
In view of his plea, prosecution counsel, S. E. Okemini urged the court to convict and sentence him accordingly.
Justice Musa convicted and sentenced him to one year imprisonment without an option of fine. Meanwhile, Haruna is still facing trial of obtaining the sum of N7.3m by false pretence.
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