ADVERTISEMENT
  • Home
  • About us
  • Contact us
Wednesday, September 27, 2023
TheScript Nigeria
  • Home
  • International News
  • Local
  • Press Release
  • Economy
  • Crime
  • Business and Finance
  • Education
  • Guest Column
No Result
View All Result
  • Home
  • International News
  • Local
  • Press Release
  • Economy
  • Crime
  • Business and Finance
  • Education
  • Guest Column
No Result
View All Result
TheScript Nigeria
No Result
View All Result
Home Crime

Alleged 43.5m Fraud: NOGASA Chair, Fatuyi Phillips, Gets N20m Bail

thescript by thescript
April 29, 2022
in Crime
0 0
0
Alleged 43.5m Fraud: NOGASA Chair, Fatuyi Phillips, Gets N20m Bail
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Thursday, April 28,2022, granted bail to one Fatuyi Yemi Philips, Chairman, Natural Oil and Gas Suppliers Association of Nigeria, NOGASA, who is being prosecuted for an alleged N43.5m fraud, in the sum of N20million.

Phillips alongside his firm, Oceanview Oil and Gas Limited, were arraigned on April 7, 2022 on two counts bordering on obtaining money by false pretence to the tune of N43,502,000.

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 representation that you would sell to WAPCIL Nigeria Limited $98,870.00, a representation you knew to be false.”

Count two 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, stole the sum of N43, 502,000.00, property of WAPCIL Nigeria Limited.”

He pleaded “not guilty” to the charges. 

At today’s proceedings, the defence counsel, O. Ajanaku, moved the bail application of the defendant dated April 7, 2022.

“We urge your lordship to admit the first defendant applicant to bail and for such other order as your lordship may make,” he said.

He further argued that the defendant, by the 1999 Constitution, was “presumed innocent of all charges until proven otherwise”.

Opposing the bail application, counsel for the EFCC, I.N. Ubabudu, urged the Court to “dismiss the application as lacking in merit”.

Ruling on the bail application, Justice Dada granted the defendant bail in the sum of N20 million, with two sureties in like sum who must be resident within jurisdiction and must present three years’ evidence of tax payment. 

A lien was also ordered to be placed on their respective bank accounts.  

The defendant was further ordered to submit his passport to the custody of the respondent. 

The case has been adjourned till June 17, 2022 for trial.

Wilson Uwujaren

Head, Media & Publicity

28 April, 2022

Recommended

Oyo Begins Immediate Repair of Flooded Section of Moniya-Iseyin Road

Oyo Begins Immediate Repair of Flooded Section of Moniya-Iseyin Road

1 year ago
MAKINDE

Oyo Ready to Inject Counterpart Funding into UBEC/SUBEB Projects

4 years ago

Popular News

    Connect with us

    • Home
    • About
    • Contact
    • Terms of use
    Email Us: info@thescript.com.ng

    © 2021 TheScript Nigeria -Providing quality news and information that improves the quality of life.

    No Result
    View All Result
    • Home
    • International News
    • Local
    • Press Release
    • Economy
    • Crime
    • Business and Finance
    • Guest Column
    • Education

    © 2021 TheScript Nigeria -Providing quality news and information that improves the quality of life.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.