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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BENIN COURT CONVICTS PHARMACEUTICAL COMPANY FOR ISSUANCE OF DUD CHEQUE.(PHOTO).#PRESS RELEASE.

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Benin Court Convicts Pharmaceutical Company for Issuance of Dud Cheque

The Benin Zonal Command of the EFCC on June 21, 2022, secured the conviction of Illustrious Pharmacy and Store Limited before Justice Efe Ikponmwonba of Edo State High Court, Benin City.

The company was arraigned on a one count charge of issuance of dud cheque through one of its directors, Akin Gbenga Samuel.

The charge reads: “that you Illustrious Pharmacy and Store Ltd through one of your Directors, Mr. Akin Gbenga Samuel on or about 21st day of April, 2021 at No, 18 Upper Ekenwa Road, Ugbiholiho Quarters, Benin City, Edo State within the jurisdiction of this Honourable Court did issue a First Bank cheque no: 0060401524 for the sum of N1,000,000(One million naira) to one Francis Ave Ent, for the goods given to you on credit and issued to the said Francis Ave Ent. a cheque to offset the financial obligation, upon presentation in the bank, it was returned unpaid for insufficient funds standing to the credit of the said Illustrious Pharmacy and Store Ltd and thereby committed an offence punishable under Section 1(1)(b)(ii) of Dishonoured Cheques (Offences).Act Cap D11 Laws of the Federation of Nigeria 2004”.

The company pleaded guilty to the charge prompting counsel to the EFCC, I.K. Agwai, to ask the court to convict it.




 

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