Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud - Crime

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Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud - Crime - Nairaland

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Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by TouchNfollow(f): 8:26am On Dec 13

A Lagos State High Court in Ikeja on Thursday convicted and sentenced a businesswoman, Oluremi Phillips, to 17 years imprisonment for defrauding a company, AYM Shafa Limited, of N57,690,000.

Phillips initially stood trial before Justice Sherifat Solebo of the Special Offences Court, Ikeja, following her arraignment on January 27, 2022.

However, the trial could not be concluded before Justice Solebo retired in November 2022, leading to the reassignment of the case to Justice Ijelu.

The EFCC said Phillips and her company, Omritas Energy Limited, sometime in 2016, in Lagos, fraudulently converted and stole the sum of N57,690,000, property of AYM Shafa Limited, meant for the supply of Automotive Gas Oil which she failed to deliver.

The commission said Omritas Energy Limited, on or about April 10, 2017, knowingly issued a Diamond Bank cheque for N14,298,075 to AYM Shafa Limited.

The anti-graft agency said the cheque, when presented for payment, was dishonoured due to insufficient funds in the account.

The convict was on May 22, 2023, re-arraigned alongside her company, Omritas Energy Limited, on five counts of stealing and issuing of dud cheque to the tune of N57,690,000.

According to the EFCC, the offences committed contravened Section 285(1) of the Criminal Law of Lagos State 2011.

Phillips pleaded not guilty to all charges, and the trial commenced, with the prosecution, led by Banjo James, calling three witnesses and presenting several documents.

The defence, led by Akin Olatunji, also called three witnesses.

Delivering judgment on Thursday, Justice Ijelu found Philips and her company guilty on all five counts.

The judge sentenced Philips to nine years imprisonment or an option of a N2m fine, payable within 90 days, in count one.

For counts two to five, she was sentenced to two years imprisonment each, to run concurrently.

The court fined Omritas Energy Limited, the second convict, N250,000 on count one and N100,000 on each of counts two to five.

Justice Ijelu ordered the convicts to pay restitution of N57,690,000 to AYM Shafa Limited within 90 days.

He said, “If the restitution is not made, Omritas Energy Limited will be wound up within 90 days.”

https://punchng.com/lagos-bizwoman-jailed-17-years-for-n57-6m-fraud/#google_vignette

3 Likes

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by immortalcrown(m): 8:47am On Dec 13

The world is full of corruption.

9 Likes 4 Shares

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by AntiChristian: 8:52am On Dec 13

I would have preferred they cut her hands off...

She was sentenced to just 9 years imprisonment for count 1 with option of N2M fine! She go pay am!

In the end she go use only 2 years in Jail for counts 2 to 5 which runs concurrently!

15 Likes

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by affable4(m): 8:52am On Dec 13

I have a question.

Why is it so easy to jail ordinary citizens, but difficult to convict politicians?

If someone can get 17 years imprisonment for stealing less than 60m, then most of our politicians are supposed to rot permanently in jail.

It just does not add up.

73 Likes 7 Shares

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by PlasmaTV: 8:52am On Dec 13

Kilode

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by ecomalchemistt(m): 8:53am On Dec 13

Agba baller , AZA WOMAN

4 Likes 1 Share

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by TimiofAbuja: 8:54am On Dec 13

Energy business and fraud be like 5&6

4 Likes

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by slaawomirr: 8:54am On Dec 13

Damnnn niggar

Isoright

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by JoeyNaza: 8:54am On Dec 13

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by QuestLINKsPrpty: 8:54am On Dec 13

As if the justice system in Nigeria isn't selective in some quarters.

PlasmaTV:
Kilode

2 Likes

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by epainos: 8:55am On Dec 13

The EFCC said Phillips and her company, Omritas Energy Limited, sometime in 2016, in Lagos, fraudulently converted and stole the sum of N57,690,000, property of AYM Shafa Limited, meant for the supply of Automotive Gas Oil which she failed to deliver.

Justice Ijelu ordered the convicts to pay restitution of N57,690,000 to AYM Shafa Limited within 90 days.

He said, “If the restitution is not made, Omritas Energy Limited will be wound up within 90 days.”

The lawyers representing AYM Shada Ltd are not that smart. If I was the lead, I would press for restitution of the present value of the amount. N57,690,000 in 2016 will worth times 5 or more using inflation and other parameters. Then, I would press for payment of all court fees. This is how it is done.

This result is not so good.

12 Likes

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by ClimaxHerbalixt(m): 8:55am On Dec 13

All is well

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by youngrichnigga: 8:55am On Dec 13

Whither judgement 🤔🤔🤔

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by MimiSheWrote(f): 8:55am On Dec 13

You have to be a politician to get away with corruption.

3 Likes

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by PeterObi4Presid: 8:56am On Dec 13

Who is going to jail Buhari, Tinubu, Sirika, Afebabalola, Ganduje, and Yahyah Bello over multi billion fraud they pulled on this country resources..,, useless country managed by criminals supported by miserable poverty stricken foooools and wickedly selfish opportunists

10 Likes 2 Shares

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by MMempire(m): 8:56am On Dec 13

Alongside her company. Dem fit jail company?

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by ogaemma: 8:56am On Dec 13

Jailed 17 year's for 57 million naira.
I am trying to figure out how many years in Prison Okowa and Yahaya Bello will get for stealing billions and trillions of naira.
If not then the criminal justice system of Nigeria is useless.
It should not be selective.

8 Likes

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by TheWitchKing(m): 8:57am On Dec 13

And politicians walk free , even after stealing 600 Billion and co.
I feel Laws are meant for The masses not the elites.

3 Likes

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by Adesina18111(m): 8:57am On Dec 13

I am very sure she would be criticizing government oo...I do say it... corruption is in every corner of Nigeria communities...na becos say some never get chance or opportunity na why dem dey form holy holy

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by oz4real83(m): 8:57am On Dec 13

You jailed her for 17 years but you are afraid to even mention the name of a person that stole to build an estate with over 750 duplexes sad

1 Like

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by ibtommy(m): 8:57am On Dec 13

E don red

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by ppogba: 8:58am On Dec 13

Many things are wrong with our laws and the fraudsters and criminals know it.

The terms are to be served concurrently hence the bastard will not spend so many years in jail.

The company should be wound up if it can not restitute. Who told the judge the company is in business in the first place?

At the end, the plaintiff loses his money. The bastards stays in prison and lives like a certain Mummy of Lagos.

4 Likes

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by travelzcruix: 8:58am On Dec 13

Women dey thief o, reminds me of one Port Harcourt slay mama that devoured NNPC, up to the point that the management started begging for money to fuel thier cars.

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by JuanDeDios: 8:58am On Dec 13

AntiChristian:

[size=12pt]I would have preferred they cut her hands off...

She was sentenced to just 9 years imprisonment with option of N2M fine! She go pay am!

In the end she go use only 2 years for Jail[/size]

Sounds barbaric. I think jailtime is sufficient. Let her go and slay in jail for s.e.v.e.n.t.e.e.n. y.e.a.r.s.

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by alphaconde(m): 8:58am On Dec 13

thieves everywhere

shadowing people genuinely making money

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by Codes151(m): 8:58am On Dec 13

Bello carry 80b.

He still Dey waka free

1 Like

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by MMempire(m): 8:59am On Dec 13

ogaemma:
Jailed 17 year's for 57 million naira.
I am trying to figure out how many years in Prison Okowa and Yahaya Bello will get for stealing billions and trillions of naira.
If not then the criminal justice system of Nigeria is useless.
It should not be selective.

Na life imprisonment dem go serve.

1 Like

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by theophorus(m): 8:59am On Dec 13

You think it's only Nigeria that's Balablu-Bulaba right?

Well, check that Tobi Adegboyega and him deportation brouhaha. You will realize his lawyers are trying to exploit the system.

Exploiting the system is what virtually everyone is trying to do. We however forget that NAKED WE CAME AND NAKED WE WOULD RETURN AND WE REALLY DON'T KNOW WHAT WILL HAPPEN TO ALL OUR WEALTH WHEN WE ARE GONE.

Unfortunately, Most of Us don't Prepare to Meet Our Creator God and so the Matter of Justice and Fairness don't bother Us.
#Maranatha

1 Like

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by Focusmind: 8:59am On Dec 13

Fear "brief case" businessmen and women.

I can bet that the so called Omritas Energy is a one room office, where the woman uses her connections to get and execute contracts.

This is what happens in Nigeria with brief case companies. Some of them are also fraudulent. She would rather stay the two years in jail than to pay the N57m restitution.

If the court decides to wound up the company, they will find out that the company has no assets, except the certificate of registration with CAC. As the company is a limited liability company, the woman's personal assets may be protected, as the woman is seen as different from Omritas Energy in the eye of the law.

4 Likes

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by AntiChristian: 9:00am On Dec 13

JuanDeDios:

Sounds barbaric. I think jailtime is sufficient. Let her go and slay in jail for s.e.v.e.n.t.e.e.n. y.e.a.r.s.

Read my comment again below very slowly!

AntiChristian:

I would have preferred they cut her hands off...

She was sentenced to just 9 years imprisonment for count 1 with option of N2M fine! She go pay am!

In the end she go use only 2 years for Jail for Counts 2 to 5 which runs concurrently!

Do the plus and minus!

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by MrCounselor: 9:00am On Dec 13

Served right?

Re: Lagos Bizwoman, Oluremi Phillips Jailed 17 Years For ₦‎57.6 Million Fraud by Malcolm21: 9:02am On Dec 13

What about the guy that stole over 100 billion from kogi state people has he been jailed

1 Like

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