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

KIDNAPPERS REDUCE RANSOM FROM N100M TO N40M FOR KWARA MONARCH'S WIFE.(PHOTO).



 Kidnappers reduce ransom from N100m to N40m for Kwara monarch’s wife


Gunmen, who killed Oba Olusegun Aremu-Cole, Olukoro of Koro-Ekiti in  Ekiti Local Government Area of Kwara State and kidnapped his wife and other person last Thursday night have reduced the  N100million  ransom placed on the abducted victims to N40 million.


Daily Sun yesterday,gathered that the gunmen had reached out to the monarch’s family at the weekend for payment of the  ransom which they said they have reduced from N100million to N40 million before  the victims  would be released.


Oba Olusegun Aremu-Cole,was killed by  gunmen in his palace last Thursday’s night, while his wife and another person were abducted.


Speaking with journalists yesterday,Chairman of the Transition Implementation Committee (TIC) in Ekiti Local Government Council of Kwara state,  Kehinde Bayode, also said that a suspect was apprehended in Eruku town in the LGA .


However, Kwara  state Police Public Relations Officer (PPRO), Toun Ejire-Adeyemi, said  that no arrest has  been made in connection with the incident.


“The CP has deployed tactical team to Koro Ekiti to fish out the perpetrators. Policemen are working with other security agencies to free those who  were abducted during the kidnapping incident. No arrest has  been made. We are going to keep you abreast of the development as it unfolds”.


The council chairman,Ejire-Adeyemi, while speaking on  efforts made to free the abducted wife of the monarch and the other victim, said,”the kidnappers had got in touch with the family, demanding for N100 million ransom which has now been reduced to N40 million. We are still negotiating with them and right now, I am on my way to Koro to get the latest information on the negotiation. We will continue to brief you as the situation unfolds and we will keep you posted”.

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