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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"WE ARE IN LAGOS BECAUSE WEALTHY IGBOS ARE SHUNNING HOME- KIDNAP VICTIMS SHARES ENCOUNTER WITH KIDNAPPERS FOLLOWING HIS RELEASE. (PHOTO).

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“We are in Lagos because wealthy Igbos are shunning home - Kidnap victims shares encounter with kidn@ppers following his release


A businessman who was abducted in Lagos has narrated his ordeal in the kidn@ppers ’ hideout.


The businessman asked not to be named because the kidn@ppers threatened to come back for him if he speaks about the incident.


He explained that he was kidn@pped by four h00ded men who cornered him as he was going to enter his car parked in the garage in Ago Palace Way, Lagos. He was released two weeks later after his family paid N30 million as ransom.


His abductors called a day after, demanding a ransom of N100 million but family members and friends were able to raise N30 million before he was released.


He told Crime Guard: “I felt that I could only talk about the trauma and psychological torture they subjected me to so that it will arouse consciousness and alert security agencies over what to expect in the coming days.”


He continued: “I saw hell in the hands of those kidn@ppers and they were boasting that they will soon take over Lagos and the police cannot match their firepower.

 

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