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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VGC CHAIRMAN REPORTEDLY FOUND DEAD INSIDE HIS CAR.(PHOTO)

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 VGC Chairman reportedly found d£ad inside his car


The Lagos State Police Command has launched an investigation into the d£ath of a 42-year-old man, identified as Gihan Mbelu, said to be the chairman of the Victoria Garden City in the Lekki area of the state. 


In a post by one Deji Lambo on X, Mbelu who was a financial adviser and venture capitalist was found unconscious in his C300 4Matic car around 10.10 am on Friday, April 26, 2024, around VGC. 


He was rushed to the Lagos University Teaching Hospital where he was confirmed d£ad by a doctor on duty. 


It was gathered that people decided to inspect his vehicle which had been running for hours at the spot where it was parked.


“Concerned by the discovery, some of the people in the area, upon close observation of the vehicle, found Mbelu in it.


While some people speculated that the 42-year-old man might be sleeping, some other persons, who were bent on ascertaining Mbelu’s true state, reportedly made frantic efforts to wake him up but it proved abortive. 


In a bid to rescue Mbelu, it was learnt that he was rushed to the Lagos University Teaching Hospital where he was reportedly confirmed dead by one of the doctors on duty. 


“Mbelu’s corpse was said to have been deposited in the hospital’s morgue. The case was also reported to the police for an investigation to commence to ascertain the circumstances surrounding Mbelu’s d£ath,” Lambo’s post read.


Until his d+ath, Mbelu was married Eloho, a tech entrepreneur, former investment banker and private equity investor. They have two daughters. 


Reacting to the post, the spokesperson of the state police command, Benjamin Hundeyin, confirmed the incident on Saturday, April 27, saying that investigation has commenced into the case.

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