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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GOV. ORTOM SUSPENDS BIPC MD OVER ALLEGED FINANCIAL IMPROPRIETY.(PHOTO).

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GOV. ORTOM SUSPENDS BIPC MD OVER ALLEGED FINANCIAL IMPROPRIETY



Benue state Governor, Samuel Ortom, has suspended the Managing Director/Chief Executive Officer, CEO, of Benue Investment and Property Company, Limited, BIPC, Barr. Alex Adum, from office over financial impropriety leveled against him.

The Secretary to the State Government, SSG, Professor Anthony Ijoho, SAN, disclosed this in a statement he signed and made available to newsmen in Makurdi, on Sunday.

The statement read in part, “the Executive Governor of Benue State, His Excellency, Samuel Ortom, has approved the indefinite suspension of Alex Ter Adum, Esq, from office as Managing Director/ CEO of Benue Investment and Property Company Limited pending the termination of cases of financial impropriety levelled against him.

The statement said the suspension is with immediate effect.

“He has therefore been directed to hand over to the General Manager, Corporate Service, Company Secretary, Benue Investment and Property Company Limited.”

From Rose Ejembi and Scholastica Onyeka, Makurdi

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