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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YAHOO BOY LANDS IN JAIL,LOSES N24.3M CASH,THREE EXOTIC CARS IN ILORIN. (PHOTO).#PRESS RELEASE.

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Yahoo Boy Lands in Jail, Loses N24.3m Cash, Three Exotic Cars in Ilorin

The Ilorin Zonal Command of the Economic and Financial Crimes Commission, EFCC, on November 28, 2022 secured the conviction of a 30-year-old man, Yusuf Yusuf Olarewaju, a native of Erin-Ile in Oyun Local Government Area of Kwara State for offences bordering on internet fraud.

Justice Adebayo Yusuf of the Kwara State High Court sitting in Ilorin found Olarewaju guilty of the one count charge brought against him by the anti-graft agency.

Consequently, the judge sentenced him to 6 months imprisonment with option of fine of N200,000. The court also forfeited all the instruments used by the convict to perpetrate the crime, including the proceeds of crime - a Mercedes Benz GLK 2010 model; a Toyota Camry 2013 model; a Toyota Corolla 2005 model, iphone 14 promax and the sum of N24,364,860 (Twenty Four Million, Three Hundred and Sixty Four Thousand, Eight Hundred and Sixty Naira).

Olarewaju’s journey to jail started on October 23, 2022 when he was arrested following actionable intelligence about the activities of syndicates of fraudsters operating in Erin-Ile and environs.

Investigation revealed that Olarewaju, while using a fraudulent email, ksmithkatie27@gmail.com, posed as one Smith Katie, a white female from Missouri, USA, to strike relationships with one James Gibson (Jimmy) and Stephen Speer, both of whom he swindled to the tune of $30,000 USD between 2021 and 2022.

The defendant did not only confessed to the crime, but also pleaded guilty when he was arraigned in court on November 11, 2022.

At the resumed sitting of the case on Monday, Justice Yusuf said he had carefully evaluated the facts of the case; the guilty plea entered by the defendant; the extra-judicial statements of the defendant as well as the exhibits tendered in evidence and was convinced that there were justifiable reasons to convict the defendant. Consequently, the judge pronounced him guilty.



 

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