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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EFCC RETURNS RECOVERED PROPERTIES TO ARTHUR EZE IN ENUGU. (PHOTO).#PRESS RELEASE

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The Economic and Financial Crimes Commission, EFCC, Enugu Zonal Command on Friday, January 28, 2022, returned eleven houses recovered in different parts of Enugu to Chief Arthur Eze.

The properties were recovered by the EFCC from the duo of Olisaebuka Okechukwu Eze and Onyeka Nnadozie Eze, administration and finance manager respectively in Arthur Eze’s firm, accused of criminal breach of trust and diversion of funds belonging to the business mogul.

Investigation established that the duo who are also nephew of Chief Eze, used proceeds of their alleged criminal activities to acquire choice properties in Enugu and other parts of South Eastern Nigeria.

The Commission in the course of the investigation initiated a forfeiture proceedings against the two company officials before Justice I.M Buba of the Federal High Court, Enugu, which granted an interim Order of forfeiture of the said properties, directing the defendants to show cause why the properties should not be finally forfeited. 

In the absence of any contrary information, the Court on October 18, 2021, ordered that the properties be finally forfeited and returned to the nominal complainant, Chief Arthur Eze.

Receiving the properties in Enugu, on January 28, Chief Eze expressed gratitude to the EFCC for ensuring that justice is served. In his words, “I am grateful to the Executive Chairman of the EFCC, Mr. Abdulrasheed Bawa, the Zonal Commander and all your men who fought for justice to be served.

“I am aware that, at some point, your men risked their lives for this cause. I pray that God who has been keeping you will always protect you. I am here in person to thank you for all that you did for me when those whom I call my own, stole from me”.

The Zonal Commander, Mr. Oshodi Johnson who handed the properties to the businessman, commended the investigative and prosecution teams as well as the judiciary for ensuring that justice is served in the case. 

 

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