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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CASE AGAINST FORMER LAWMAKER ARRESTED WITH $499M ON ELECTION EVE WITHDRAWN.(PHOTO).

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Case against former lawmaker arrested with $499m on election eve withdrawn

The Rivers State Government has withdrawn the money laundering and criminal charges against a former lawmaker, Chinyere Igwe.

Igwe was on 24th February, eve of the presidential election, arrested and arraigned before a court, for having in his possession, the sum of $499,000,000 dollars.

He was, however, granted bail after some weeks.

DAILY POST reports that when the matter resumed in court for proper trial on Wednesday morning, Rivers State Attorney General and Commissioner for Justice, Professor Zacchaeus Adangor, announced the withdrawal of the suit.

Adangor did not give any reason for the state government’s decision to withdraw the case against Igwe.

The trial Judge, Justice Stephen Daylop-Pam, in his ruling, after the position of the state government was not opposed by the defence counsel, discharged the defendant.

The judge also ordered the Police to return his international passport and other exhibits seized from him.

 

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