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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EFCC ARRESTS ONE FOR N57.5MILLION FRAUD IN JOS.(PHOTO).#PRESS RELEASE

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EFCC Arrests one for N57.5million Fraud in Jos

Operatives of the Gombe Zonal Command of the Economic and Financial Crimes Commission, EFCC, have  arrested one Ibrahim Abubakar, managing director of Shariff Agric and General Service in Jos, Plateau State, for stealing  N57,550,000.00 (Fifty Seven Million, Five Hundred and Fifty Thousand Naira) only. 

He was arrested on Friday, October 6, 2023 for allegedly converting N57.5million erroneously paid into his company: Shariff Agric and General Services’ account, for his own use.  
 
Baker Drilling Service allegedly transferred the sum of N57,550,000.00 into the account of Shariff Agric and General Services, instead of Bluemoe Trade & Service. Both accounts are domiciled in the United Bank for Africa  respectively.

After the bank alerted Abubakar of the wrong posting into his company’s account,   he allegedly transferred the sum of Five Million (N5,000,000.00) each to his personal account in UBA and Keystone banks respectively. Subsequent attempts made to withdraw the remaining amount led to his arrest.

He will be charged to court as soon as investigations are concluded.



 

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