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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UPDATE: EMEFIELE TO BE ARRAIGNED TUESDAY IN LAGOS. (PHOTO).

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Emefiele to be arraigned Tuesday in Lagos

The suspended Central Bank of Nigeria Governor, Godwin Emefiele, is expected to be arraigned at the Federal High Court in Lagos on Tuesday, July 25, 2023 on charges of illegal possession of firearms and ammunition.

Justice Nicholas Oweibo, who will be sitting as the vacation judge for the entire South-West, fixed the date on Friday and the information has since been communicated to lawyers of all the parties, reports Channels Television.

Confirming the development, one of the lawyers to the embattled CBN Governor, Victor Opara (SAN), disclosed that hearing notices to that effect had been issued and sent out by the court to the counsel involved in the matter, according to Channels Television.

He also confirmed that the former president of the Nigerian Bar Association Joseph Daudu (SAN), is expected to lead Emefiele’s defence team.

It was earlier reported that the Department of State Services had on July 13, 2023 filed a two-count of illegal processions of firearm and ammunition against the suspended CBN governor.

The DSS in the charge sheet accused Emefiele of possessing a single-barrelled shotgun (JOJEFF MAGNUM 8371) without a licence.

In the second count, the service charged him with illegally possessing 23 rounds of live ammunition (cartridges) without a licence. The offence is also said to be contrary to Section 8 of the Firearms Act and punishable under Section 27 (1)(b)(il) of the same Act.


 

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