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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ALLEGED N6.2BN FRAUD: WITNESS NARRATES HOW JANG,OTHERS DIVERTED PLATEAU STATE MSMES FUNDS.(PHOTOS).#PRESS RELEASE.

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Alleged N6.2bn Fraud: Witness Narrates How Jang, Others Diverted Plateau State MSMEs Funds.

A prosecution witness 13, PW13, in the trial of former Plateau State governor, Senator Jonah David Jang and a former cashier in the Office of the Secretary to the State Government (OSSG), Yusuf Pam, on Thursday, May 12, 2022 told a Plateau State High Court that Jang allegedly diverted funds meant for the Micro, Small and Medium Enterprises in the state. 

The witness, an Assistant Director in charge of Development with the Central Bank of Nigeria, CBN, Mr. Musa Olashuko told Justice C.L Dabup that funds meant for artisans, small holder farmers, market women and entrepreneurs were diverted into the account of the Plateau State government and its agencies.

“We made an enquiry on the regular flow of funds between the credited account communicated to us by the state government and the Plateau State Small and Medium Enterprises Development Agency (PLASMEDAN)’s account, and we noticed that funds were diverted to accounts related to the state government and its agencies and that no disbursement was made through the initial beneficiaries, i.e. the SME's (Artisans, traders, small holder farmers, entrepreneurs and market women.), where about 60% of the funds was supposed to go to”, he said.

One photo below. 

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