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

YULETIDE: POLICE ARREST 37-YEAR-OLD MAN FOR POSSESSING FAKE NAURA NOTES IN ENUGU. (PHOTO).



Yuletide: Police arrest 37-year-old man for possessing fake naira notes in Enugu


Police Operatives serving in Awkunanaw Division of the Enugu State Command on December 19, arrested a 37-year-old man named Chukwuebuka Igwebuike for possessing and transacting counterfeit Nigerian naira notes.

The arrest was made at Afor Market, Garki Awkunanaw in Enugu, following a tip-off as the police officers recovered N362,000.00 worth of suspected fake currency from the suspect.

According to the spokesman of the Enugu State police command, a preliminary investigation proved that the suspect confessed to the crime.

He stated that the suspect used the fake one thousand Naira notes to buy items of small prices and get change for genuine smaller denominations.

He disclosed that the suspect shall be arraigned in court and prosecuted accordingly once ongoing investigations are concluded.

Consequently, the Commissioner of Police, Kanayo Uzuegbu, urged citizens of the State and the public to be vigilant and wary of whom they receive and exchange all the denominations of mint Nigerian Naira with, especially this yuletide.

He therefore encouraged the citizenry to quickly report anyone in possession of, or transacting in counterfeit Nigerian Naira notes, to the nearest Police Station for necessary policing actions.

 

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