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 COMPANY,SIBLINGS ALLEGED N10M FRAUD TRAIL TILL JULY 12.(PHOTO).#PRESS RELEASE.

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Court Adjourns Company, Siblings’ Alleged N10m Fraud Trial Till July 12


Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Tuesday, June 6, 2023, adjourned till July 12, 2023 “for mention” the N10m fraud trial involving a company, Stelmart Nigeria Limited, alongside its Chief Executive Officer, CEO, Mathew Oluwafemi Moses, and Chief Operating Officer, COO, Mathew Veronica Omolayo.


The defendants, who were arraigned on November 8, 2022, are being prosecuted by the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, on a nine-count charge bordering on stealing contrary to Section 285(9)(b) of the Criminal Law of Lagos State.


One of the counts reads: "Stelmart Nigeria Limited, Matthew Veronica Omolayo and Matthew Oluwafemi Moses, on or about the 1st February, 2021 in Lagos, within the jurisdiction of this Honourable Court, dishonestly converted to your own use, the sum of N10,000,000 (Ten Million Naira) property of 03 Capital Nigeria Limited."


They pleaded "not guilty" to all the charges.


At today’s sitting, the prosecution counsel, G.K. Latona, informed the court that the matter was for continuation of trial and that the prosecution was ready to proceed with the day's business.


"I have my witness in court," he said.


 However, the defence counsel, Otunba Dele Babalola, informed the court that the defence had applied for consolidation of the trial.


"We have four different cases in different courts. Two are part-heard. And we have

 written to the Chief Judge requesting the charges to be consolidated before one judge," he said.


In response, Latona, however, noted that "from a single transaction, different offences can occur.


“You can talk of consolidation in a civil case and not in a criminal trial."


Latona stressed further that contrary to the claim of the defence, "the trials are not the same."


After listening to all the arguments, Justice Dada adjourned till July 12, 2023 "for mention".

 

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