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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ABUJA COURT JAILS EX-DIRECTOR FIVE YEARS FIR N250M FRAUD.(PHOTO).#PRESS RELEASE

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Abuja Court Jails Ex-Director Five Years For N250m Fraud
 
Justice F.E. Messiri of the Federal High Court sitting in Abuja has convicted and sentenced a former Director of Echo Logistics, Abdulrahman Aliyu, to five years imprisonment for his involvement in a N250, 000, 000 (Two hundred and Fifty Million Naira) fraud. 
 
He was jailed on Wednesday, June 14, 2023 on a three count charge bordering on criminal breach of trust, forgery and cheating to the tune of N250 million.  
 
One of the counts read; "That you, Abdulrahman Aliyu, sometime between July 2018 to July 2019 within the Abuja Judicial Division of the High Court of the Federal Capital Territory while being one of the Directors of Echo Logistics Limited and having been entrusted with a certain property to wit: the sum of N250,000,000.00(Two Hundred and Fifty Million Naira) transferred by one Alhaji Chubado Tijjani Babbi being investment money for the business of telecom bill recharge card sales into Echo Logistics Limited account domiciled in Jaiz Bank with account number 0002518093 in which you are the sole signatory did commit criminal breach of trust by dishonestly misappropriating the said sum in violation of the agreement in which such trust was to be discharged and you thereby committed an offence contrary to Section 311 of the Panel Code Law and punishable under Section 312 of the same  law"
 
During trial which commenced on November 9, 2021, the EFCC called five witnesses, tendered nine exhibits and closed its case. Final written addresses were adopted by the prosecution and defence  on April 25, 2023, while the Judge reserved judgment for June 14, 2023.
 
In his judgment,  Justice Messiri  convicted and sentenced the defendant to five years imprisonment  on all three- counts: One year imprisonment with an option of fine of  N300,000.00(Three Hundred Thousand Naira) on count one, two years imprisonment with an option of fine of  N500,000.00(Five Hundred Thousand Naira)  on count two and two years imprisonment or an option of fine of  N500,000.00(Five Hundred Thousand Naira)  on count three.
 
However, the judge did not make an order of restitution because Echo Logistics took liability and was repaying the complainant his dividends.



 

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