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 CAN FREEZE STATE GOVT'S ACCOUNTS- APPEAL COURT RULES.(PHOTO).

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EFCC Can Freeze State Govt's Accounts -Appeal Court Rules 

The Federal Court of Appeal, Makurdi Division, has overturned the judgment of the Federal High Court, Makurdi holding the Economic and Financial Crimes Commission, EFCC, from freezing the account of Benue State Government for the purpose of investigations, without a court order.    

In a unanimous judgment delivered by Justice M.S. Hassan on Thursday, September 22, 2022, the appellate court held that, the EFCC has powers to place any account, (state governments' accounts inclusive) on PND for 72hours, for the purpose of investigations, without a court order. The court also set aside the N50million damages awarded against the EFCC by the lower court.  

Justice Mobolaji Olajuwon of the Federal High Court, Makurdi, had on Tuesday, February 2, 2019 delivered a judgment, holding the EFCC from placing a PND on the account of Benue State government. Dissatisfied with the judgment, the Commission approached the Court of Appeal.

EFCC counsel, Steve Odiase, canvassed strong arguments against the earlier judgment and the appellate court held that, the EFCC acted within its powers to freeze the account of Benue State government. The court also held that banks are legally bound to obey orders from the EFCC on PND.   

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