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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COURT GRANTS BUHARI'S AVIATION MINISTER SIRIKA, DAUGHTER, TWO OTHERS N100M BAIL EACH. (PHOTO).

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 Court Grants Buhari's Aviation Minister Sirika, Daughter, Two Others N100m Bail Each


A Federal High Court in Abuja has granted ₦100m bail each to a former Minister of Aviation Hadi Sirika, his daughter and two others.


They are being tried over an alleged fraud to the tune of ₦2.7bn.


According to the court, they are also to provide two sureties who must have landed properties in Abuja. The sureties, the court said, must also be responsible citizens.


The sureties must depose to an affidavit of means. The court also restricted the defendants from traveling abroad without its permission.


Justice Oriji ordered that the defendants should be remanded in prison custody if they failed to meet their bail conditions.


The sureties must own landed properties within the FCT with valid titles. The trial will commence on the 10th, 11th and 20th of June.


Details Shortly…

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