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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COURT ADJOURNS YAHAYA BELLO’S NEPHEW,OTHERS N3BN FRAUD TRIAL TILL APRIL 16.(PHOTOS).#PRESS RELEASE.

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Court Adjourns Yahaya Bello’s Nephew, Others N3bn Fraud Trial Till April 16

The Federal High Court, Abuja, on Monday, adjourned the N3billion fraud trial of Ali Bello, nephew of Kogi State governor, Yahaya Bello and three others till April 16. Justice Obiora Egwuatu adjourned hearing in the case after ruling on the defendants’ bail applications. The court granted the defendants bail in the sum of N500million each and two sureties in like sum.

The sureties must reside in Abuja, with identifiable addresses and own landed property worth N500 million within the jurisdiction of the court. They are to further provide evidence of tax payment from 2020 to 20222 and deposit the original title documents in respect of the property with the Registrar of the court.  In addition, the defendants are to deposit their international passports with the court and must obtain the permission of the court to travel outside the jurisdiction.

Bello was on February 8, arraigned  buy the EFCC alongside Abba Adauda, Yakubu Siyaka Adabenege, Iyadai Sadat and Rashida Bello (at large) on 18-counts of criminal misappropriation and money laundering to the tune of  N3,081,804,654.00 (Three Billion, Eighty One Million, Eight Hundred and Four Thousand, Six Hundred and Fifty Four Naira). 

More photos below. 




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