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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FHC REMANDED THE AGF AND OTHERS TO KUJE PRISON.(PHOTO).#PRESS RELEASE.

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Federal High Court, sitting in Abuja has remanded the Accountant- General of the Federation, AGF, Ahmed Idris and two others to Kuje Prison. Trial adjourned to Wednesday, July 27, 2022 for hearing and determination of bail application. More details later.

UPDATE
Alleged N109bn Fraud: Court Remands Ex-AGF Idris in Prison

Justice A. O. Adeyemi Ajayi of the Federal Capital Territory High Court, Maitama Abuja, remanded the suspended Accountant-General of the Federation, Ahmed Idris and his co-defendants: Godfrey Olusegun Akindele, Mohammed Kudu Usman in Kuje Correctional Centre pending the determination of their bail applications.

The trio were arraigned alongside a company, Gezawa Commodity Market and Exchange Limited, on a 14-count charge bordering on gratification, abuse of office and money laundering to the tune of over N109 billion fraud.
More photos below. 




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