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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N204 MILLION FRAUD: ABSENCE OF DEFENCE COUNSEL STALLS SENATOR ALBERT BASSEY'S TRIAL.{PHOTO}.#PRESS RELEASE.

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 N204million Fraud: Absence of Defence Counsel Stalls Senator Albert Bassey’s Trial


The money laundering trial of Senator Obong Albert Bassey before Justice Agatha A. Okeke of the Federal High Court, Uyo, Akwa Ibom State was stalled on Thursday October 21, 2021 following the absence of his counsel, Solomon Umoh SAN. Barrister Aniema Etuk who held the brief of the lead defence counsel, informed the court that the learned silk was sick and couldn't make it to court. He further told the court he was ill-prepared to proceed with the matter as he did not have the facts of the case. He offered to withdraw from the matter.

The EFCC is prosecuting Senator Albert Bassey on six counts of Money Laundering, arising from the allegation that he took possession of six vehicles worth N204million, at the instance of one Olajide Omokore, whose companies had contracts with the State Government, at the time.

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