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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EX GOV. OBIANO TO BE ARRAIGNED ON WEDNESDAY OVER ALLEGED MONEY LAUNDERING. (PHOTO).

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Former Anambra Gov, Obiano to be arraigned Wednesday over alleged money laundering


The Economic and Financial Crimes Commission, EFCC will on Wednesday, arraign the former governor of Anambra State, Willie Maduabuchi Obiano before Justice I. E Ekwo of the Federal High Court Abuja.

It was gathered that Obiano would be arraigned on nine count charges bordering on money laundering to the tune of four billion, eight million, five hundred and seventy-three thousand, three hundred and fifty naira, N4,008,573,350.

The EFCC Director of Legal and Prosecution, Slyvanus Tahir, SAN, will lead 8 other counsels in the trial of the former governor, DAILY POST gathered.

A source in the Anti-graft agency claimed that the former governor allegedly moved the said sum from the security votes into different accounts.

He added that the money at various times was changed into dollars and returned to Obiano by cash

His words, “N4,008,573,350 was moved from the security votes into different accounts. The money at various times was changed into dollars and returned to Obiano by cash.”

 

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