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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HOW THIEVES BROKE INTO A HOUSE,STOLE TV SET,MONEY AND TRIED TO RE-SELL THE TV SET ALMOST TWO MONTHS AFTER THE ROBBERY INCIDENCE. (PHOTO).

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HOW IT HAPPENED

This Kitwe (Zambia) business man was in January this year attacked by 4 heavily armed thieves who entered his house through one of the windows at the sitting room. They went to straight to his bedroom and ordered him to give them money. He first resisted but later handed the thieves K25,000 cash after being tortured. His wife was lucky, she was not beaten. After stealing K25,000, the thieves stole a television set worth K50,000 which was bought 5 months ago. But exactly after one month and two weeks of breaking into the house, the thieves mysteriously forgot the owner of the house and decided to sell his TV set to him. When the owner saw the his TV set, he recognized it and remained calm. They told him that the TV was going at K20,000 and he agreed to buy it. He then told them to come the following day to enable him look for K20,000 and they agreed. The following day, at around 14:30 hours, the same 4 men entered his fence with a hope of getting K20,000. Still more they couldn't recognize him. And when he asked where they had gotten the same TV set they were selling, the thieves' eyes were opened and they recognized the man and the house they had broken into one month ago. Three managed to scape but the 4 one was apprehended with the help of the members of the public. He is now in police cells. This afternoon during interrogation at the police station, the thief accused the owner of the TV of using magic to trap him and his fellow thieves.

 

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