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

N12.4M FRAUD: FRAUDSTER LOSES APPEAL,GETS ADDITIONAL TWO YEARS.{PHOTO}.

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     The Court of Appeal sitting in Awka, Anambra State on Friday, July 17, 2020 added additional two years to the five years prison term, (without option of fine) handed to 39-year-old convict, Ikenna Stanislaus Ugwunna by Justice Chudi Nwankwor of Anambra State High Court, Ogidi.
The convict had approached the appellate court for reprieve, but got additional jail term, as the court held that the trial court did not have the discretion to prescribe the five year jail term it sentenced the convict for an offence the law stipulates seven years jail term on conviction, hence it reviewed the sentence upward.
Ugwunna’s ordeal started on March 31, 2014 when the Economic and Financial Crimes Commission, EFCC South-East Zone arraigned him on six-count charges, bordering on forgery and obtaining by false pretence, contrary to Sections 1(1) (a) of the Advance Fee Fraud and other Fraud Related Offences Act, 2006 and Section 443 (1) of the Criminal Code Law of Anambra State.
Investigations established that the convict sometime in 2011, fraudulently presented himself as a representative of a Chinese company that deals in vehicle spare parts, upon which he obtained the sum of N12.4million from his victim to make supplies to him.Without making the supplies, he diverted the money to his personal use, and frustrated all efforts by his victim to recover his money.
To further cover up his fraudulent act, he forged some sales confirmation receipts, purported to have emanated from Guangzhou Zwei Import and Export Co. Ltd, a Chinese company with branch office in Lagos, which he claimed he represented.
In the course of investigations, he jumped the administrative bail granted him by the Commission and absconded to Niger State, were he hibernated for more than a year before he was arrested by the police and handed over to the Enugu Zonal Office of the EFCC.
Counsel for the EFCC, Mainforce Adaka Ekwu, invited five witnesses and tendered several exhibits to prove the case against him before the adoption of final written addresses.
Justice Nwankwor of the trial court found him guilty of counts four, five and six of the charges which contravened Sections 1(1) (a) of the Advance Fee Fraud and other Fraud Related Offences Act, 2006 and Section 443 (1) of the Criminal Code Law of Anambra State and jailed him five years, without option of fine, prompting him to approach the Court of Appeal for a reprieve that earned him additional two years.
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