The Lagos State Particular Offences Court docket, Ikeja, presided over by Justice Mojisola Dada, yesterday sentenced Fatuyi Yemi Philips, Chairman of the Pure Oil and Fuel Suppliers Affiliation of Nigeria (NOGASA), to 21 years in jail for his involvement in a fraud amounting to N43.5 million.
Justice Dada arrived on the verdict after discovering Philips responsible of two counts filed towards him by the Financial and Monetary Crimes Fee (EFCC).
It might be recalled that the EFCC had filed prices towards Philips, alleging that he had obtained cash by pretense to the sum of N43,502,000.00.
Philips, who was first arraigned on April 7, 2022, stood trial alongside Oceanview Oil and Fuel Nigeria Restricted. Rely One amongst different prices reads:
“Fatuyi Yemi Philips and Oceanview Oil and Fuel Nigeria Restricted, on or concerning the twenty eighth day of September 2016, at Lagos, throughout the jurisdiction of this Honourable Court docket, with intent to defraud, obtained the mixture sum of N43,502,000.00 from Elochukwu Okoye and Elebana Distinctive Ventures Nigeria Restricted on behalf of WAPCIL Nigeria Restricted, below the false illustration that you’d promote to WAPCIL Nigeria Restricted $98,870.00, a illustration you knew to be false.” Philips pleaded not responsible to the costs, and the trial proceeded.
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