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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N3.6BN FRAUD: APPEAL COURT UPHOLDS EFCC APPEAL,DISMISSES DISCHARGE OF EX-NDDC BOSS.(PHOTOS).#PRESS RELEASE.

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N3.6bn Fraud: Appeal Court Upholds EFCC Appeal, Dismisses Discharge of Ex-NDDC Boss

A three-man panel of the Court of Appeal, Lagos Division, led by Justice Peter O. Affem, on April 13, 2022, upheld the appeal of the EFCC, and dismissed the ruling of a Federal High Court in Lagos in the case involving a former Executive Director, Projects, Niger Delta Development Commission, NNDC, Tuoyo Omatsuli, over an alleged case of money laundering to the tune of Three Billion, Six Hundred and Forty-five Million Naira (N 3, 645, 000,000).

The judgment delivered by Justice Festus Obande Ogbuinya held that the ruling of the lower court dated November 11, 2020 discharging the respondent, Omatsuli, of the money laundering charges “is hereby set aside and he shall enter into his defence accordingly on the same counts.”

The Appellate Court, however, discharged Omatsuli on counts 27, 28 and 29 of the charge.
Tuoyo is facing trial alongside Francis Momoh, Don Parker Properties Limited and Building Associates Limited on an amended 45-count charge bordering on conspiracy and money laundering to the tune of N3,645,000,000 (Three Billion, Six Hundred and Forty-five Million Naira)..
One more photo below. 

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