Man bags 21 years imprisonment for N43.5m fraud
Director, Normal Oil and Gas Providers Relationship of Nigeria, Fatuyi Yemi Philips, has been condemned to 21 years in jail by a Lagos Exceptional Offenses Court sitting in Ikeja, for N43.5m extortion.
The money manager was condemned on Monday, after Equity Mojisola Dada viewed him to be very muchblameworthy of two counts brought against him by the Monetary and Monetary Wrongdoings Commission, EFCC.
The EFCC had blamed Philips for getting N43,502,000 deceptively and recorded charges against him close by Oceanview Oil and Gas Nigeria Restricted.
Philips was first summoned on April 7, 2022.
The counter unite organization expressed that Philips and Oceanview Oil and Gas Nigeria Restricted committed the offenses on September 28, 2016, in Lagos State.
The Wrongdoings Commission likewise expressed that the convict got the total amount of N43,502,000 from one Elochukwu Okoye and Elebana Interesting Endeavors Nigeria Restricted for WAPCIL Nigeria Restricted under the bogus portrayal that he would sell WAPCIL Nigeria Restricted $98,870, a portrayal he knew to be misleading.
He was additionally blamed for taking the amount of N43,502,000, property of WAPCIL Nigeria Restricted.
In any case, Philips argued not liable.
Equity Dada anyway held that the indictment had demonstrated its case without question.
She viewed Philips to be liable and condemned him to 14 years in jail for count one and seven years for count two adding that the sentence will run simultaneously.
Leave a Reply