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

NIGERIAN POS OPERATOR RETURNS ALMOST N10M MISTAKENLY TRANSFERRED TO HIS ACCOUNT,GETS CELEBRATED BY KANO POLICE.(PHOTO).


 Nigerian POS Operator Returns Almost N10Million Mistakenly Transferred To His Account, Gets Celebrated By Kano Police


Nigerian Point of Sale (POS) operator has been publicly celebrated for his demonstration of honesty after he reported the sum of ten million naira (N10 million) mistakenly transferred into his account instead of ten thousand naira (N10,000) in Kano State. It was learnt that he realised that one of his customers wrongly transferred the money into his account.


Kano State Police Command made this known in a statement on Thursday, noting that it took the police three months of investigation to identify the owner of the excess money. The statement ‘CP Gumel Commends POS Operator For Exhibiting Honesty And Good Conduct,’ reads, “... As the POS Operator reported to the Police that he has realized that one of his customers who is yet to be identified wrongly transferred to his account Ten Million Naira (N10,000,000:00) instead of Ten Thousand Naira (N10,000:00).”


"And it took the Police investigation three (03) months period in identifying the owner of the excess money. After getting all the proofs, CP Gumel casts encomium to both the POS Operator and the Police team from the State CID for the display of honesty, integrity, professionalism and encourages others to follow this rare exemplary track," the statement added.


The command disclosed this in a statement released by the Command's Public Relations Officer, SP Abdullahi Kiyawa in Kano on Thursday, March 14.

He said a POS operator reported to the Police that he realized that one of his customers who is yet to be identified, wrongly transferred N10 million instead of N10,000.


Kiyawa explained that on receipt of the report, the Commissioner of Police, Usaini Gumel, directed a discreet investigation to identify the rightful owner in order to return the money to him.


He said that it took the Police investigation team three months before identifying the original owner of the huge amount.


“On March 14, the investigation was concluded sequel to the uncovering of the identity of the rightful owner, who happened to be a trader at the famous Dawanau Grains Market located in Dawakin Tofa. The owner (name withheld) commended the POS operator and the Police for their efforts and out of joy he presented a cash gift of N500,000 to the POS operator. He also appreciated the commissioner for the show of honesty and integrity by the police, saying this was a demonstration of exemplary leadership,“ he said.

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