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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'MONEY NA WATER', SAYS CUBANA CHIEF PRIEST AFTER NAIRA ABUSE TRIAL. (PHOTO).

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 ‘Money na water’, says Cubana Chief Priest after Naira abuse trial


Businessman and socialite, Pascal Okechukwu, popularly known as Cubana Chief Priest, has broken his silence after perfecting his N10 million bail condition with two sureties in like sum.

Okechukwu claimed he was not small and that money was water in an Instagram post shortly after his arraignment on Wednesday.

“Seeing all your messages and love. I’m so humbled. Now it’s confirmed CP (Cubana Priest) is not small. Money na water (sic),” he wrote.

The Federal High Court in Lagos State was granted N10m bail with two sureties in like sum.

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The celebrity barman pleaded not guilty to tampering and abusing the naira during his trial.

He was arraigned before Justice Kehinde Ogundare on three counts bordering on abuse of naira by allegedly spraying and tampering with the nation’s currency at a social event, contrary to the provisions of the Central Bank Act of 2007.

He also was alleged to have sprayed the naira on February 13, 2024, at Eko Hotel.

Additionally, Cubana Chief Priest was said to have committed the offences while dancing during a social event.

He was also reported to have tampered with funds in the denomination of N500 notes issued by the CBN by spraying the same for two hours.

In the charge marked FHC/L/ 246/2024, obtained by The PUNCH, the Economic and Financial Crimes Commission alleged that sometime in 2020, during a social event in Lagos, Cubana Chief Priest tampered with funds in the denomination of N500 issued by the Central Bank of Nigeria, by spraying the same for two hours.

In Count 3, it was alleged, “That you, Okechukwu Pascal, sometime in January 2024, in Lagos during a social event, tampered with funds in the denomination of N500 (Five Hundred Naira) issued by the Central Bank of Nigeria by spraying same and you thereby committed an offence, contrary to and punishable under Section 21(1) of the Central Bank Act 2007.”

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