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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ICPC CASE: COURT DIMISSES APPLICATION TO VACATE FORFEITURE ORDER IN N96 MILLION CONTRACT FRAUD.(PHOTO).#PRESS RELEASE.

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 ICPC Case: Court Dismisses Application to Vacate Forfeiture Order in N96 Million Contract Fraud 


A Federal High Court sitting in Abuja has dismissed an application to vacate a final forfeiture order granted to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) in a Ninety-Six-million-naira contract fraud. 


The ruling was predicated on an application dated and filed on 15th February 2024 asking the court to set aside the interim and final forfeiture orders granted to the ICPC to freeze certain bank accounts believed to have been used to receive the sum of N96 million for contracts that were never executed.


In a case involving former Surveyor-General of the Federation (SGF), Ebisintei Bietoru Awudu, Kumeni Services Limited and Geolev Nigeria Limited, ICPC had in December, 2021 and April 2022 secured interim and final forfeiture orders respectively from the Federal High Court over funds believed to be proceeds of crime.


However, the second respondent/applicant (Kumeni Services Limited) challenged the jurisdiction of the court to hear the matter just as it argued that ICPC lacked the locus standi to apply for order of forfeiture.


Delivering her judgement on the application on Thursday, Justice Evelyn Maha held that the argument of the second respondent/applicant (Kumeni Services Limited) was confusing and unsettling because the originating process filed failed to refer to any extant law or imaginary law that precludes the federal government to apply for a forfeiture.

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