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

EX-MINISTER ISWARAN PLEADS GUILTY IN GRAFT CASE THAT HAS GRIPPED SINGAPORE. (PHOTO).



 Singapore's former transport minister S Iswaran has pleaded guilty to receiving gifts while in office, as proceedings began on Tuesday in the first graft trial involving a minister in this Asian financial hub.


The case, which charges Iswaran with receiving favours that includes tickets to English Premier League soccer matches and to the Singapore Formula 1 Grand Prix, has gripped the wealthy city-state which prides itself on having a well-paid and efficient bureaucracy as well as strong governance.

Iswaran, who joined the cabinet in 2006, is the first Singaporean minister to be tried in court on graft charges.


The 62-year-old was arrested in July last year and was accused of taking kickbacks worth hundreds of thousands of dollars from property tycoon Ong Beng Seng and another businessman Lum Kok Seng. Iswaran was advisor to the Grand Prix's steering committee, while Ong owns the rights to the race.


Ong has not been charged with any offence and Iswaran had previously rejected the allegations when he resigned from the cabinet.

The attorney-general's chambers said Iswaran pleaded guilty to the charges of obstructing justice and of a public servant accepting anything of value without payment, or with inadequate payment, from a person with whom he is involved in an official capacity, instead of the charges that include corruption.


In a surprise move, prosecutors reduced the charges facing Iswaran to five from 35. The remaining 30 charges will be taken into consideration for sentencing, it added.


The charge of accepting gifts carries a jail term of up to two years and a fine. For obstructing justice, Iswaran can be sentenced to jail of up to seven years and a fine.


However, the prosecution asked for a much lighter sentence of six to seven months in jail, while the defence is asking for eight weeks, according to CNA, adding that Iswaran will be sentenced on October 3.


The last corruption case involving a Singaporean minister was in 1986, when the national development minister was investigated for allegedly accepting bribes. He died before he could be charged in court.


Singapore was among the world's top 5 least corrupt countries last year, according to Transparency International's corruption perception index.

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