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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ABU ACCOUNTANT,ONE OTHER ARRAIGNED FOR N114 MILLION FRAUD. (PHOTOS).#PRESS RELEASE.

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ABU Accountant, One Other Arraigned for N114 Million Fraud

An Accountant with  the Ahmadu Bello University, Zaria, Balarabe Hassan was on Wednesday, May 3, 2023 arraigned alongside Suraj Oyewepo, a senior Cash Office Staff, before Justice Darius Khobo of the Kaduna State High Court, Kaduna on a nine count charge bordering on theft to the tune of over One Hundred and Fourteen Million Naira by the Kaduna Zonal Command of the Economic and Financial Crimes Commission, EFCC.

Among the allegations against Balarabe was that he fraudulently enrolled a company, RAYYAN GENERAL MERCHANT owned by Oyewepo into the GIFMIS platform on the basis of which the company received various payments without any legitimate reason. Investigation also traced payments made by RAYYAN GENERAL MERCHANT into Balarabe’s account.

In addition, investigation revealed that Balarabe, who was also a signatory to the Staff Revolving Loan Account withdrew cash from the account and wasn't able to explain what it was used for.

They pleaded ‘not guilty’ when the charges were read to them.

Based on their pleas, the prosecuting counsel, Suleiman.I. Suleiman urged the court to remand the defendants and  fix a date for the commencement of trial. However,  the defence counsel, A. Sule, S.Utuagha and M. Adamu applied for the bail of their clients.

Justice Khobo granted bail to the defendants in the sum of N10m each with one surety in like sum who must own a landed property within Kaduna.

The defendants are also to deposit their international passports with the registry of the court.

The case was adjourned till July 4, 2023 for hearing.

More photos below. 


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