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

ALLEGED N2BN FIRS' FRAUD: HOW ETETA ITA DIVERTED FIRS' FUNDS TO HER PRIVATE SCHOOL- WITNESS. (PHOTO). #PRESS RELEASE.


 Alleged N2bn FIRS’ Fraud:  How Eteta Ita Diverted FIRS’ Funds to Her Private School- Witness


A Prosecution Witness, PW6, in the ongoing trial of the Head of Stakeholders Unit of the Federal Inland Revenue Services, FIRS, Emmanuella Eteta Ita, on Monday, March 18, 2024, told Justice Giwa Ogunbanjo of the Federal High Court in Abuja, how Ita siphoned and diverted large sums of money meant for Stakeholders’ assignments to her private school, Surestart School Ltd.

Ita ran Surestart School Ltd while serving as the Head of Stakeholders Unit of the Federal Inland Revenue Services, FIRS.


The witness,  Ijeoma Maltida,  while giving her testimony  during a cross-examination by defense counsel, Paul Erokoro, revealed that the first defendant,  Ita,  undertook some Stakeholders’ assignments and  the funds meant for the projects  were traced into her account with the payment narration.  Investigations showed that the same funds were sent directly into the account of the second defendant, Surestart School Ltd.

“When she came to our office, we took her statement, we were cordial with her, and she was treated very well with utmost respect. While she was with us for reconciliation, she started bringing documents, and she also opted to pay back for some reconciliation she could not account for. She said in her statement that she will pay back the money, I don’t know where she got the money from, and so far, she has refunded about N17million, though she told us that she benefited about N5million from the program", she said. 

 

“I don’t know the standard practice of sourcing for funds before asking for reimbursement, and it is not within the scope of our investigation. All I know is that she undertook some of the stakeholders' events, and we saw that those monies that came from FIRS went directly into the account of the second defendant, and the description was that the assignment was not done”, she said.


According to Matilda, “She said the vendors that were supposed to do the events have given their evidence in court and testified that the receipts didn’t come from them. She further claimed that those receipts were given to her by one Daniel, who was a staff of FIRS.


Testifying further,  she said,  “we were told he was late and we demanded for the death certificate which was given to us. We requested for his account details and we discovered he was also a beneficiary. We wrote to FIRS, UBA, System Spec, and invited everyone involved in this matter and everything we have here are as a result of our investigations," she said.


After the cross-examination, Justice Ogunbanjo  adjourned the matter till March 20, and 21, 2024, for continuation of trial.

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