Home News Former NIMASA DG, Calistus Obi, convicted of N136m Fraud

Former NIMASA DG, Calistus Obi, convicted of N136m Fraud

by Armada News
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By Aruogu Amanda

 

Calistus Obi, a former acting Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA) charged with N136 million fraud has been convicted by the court.

 

Federal High Court in Lagos, Thursday, presided over by Justice Mojisola Olatoregun convicted  Obi of the fraud and  deferred his sentencing to a later date.

 

Obi was convicted alongside Alu Dismas, a former personal assistant to his predecessor, Patrick Akpobolokemi.

 

The case was brought against them by the Economic and Financial Crimes Commission (EFCC).

 

The judge adjourned the case till  Tuesday, May 28 for sentencing and ordered that the duo be remanded in prison custody pending sentencing.

 

The EFCC had arraigned Obi on April 12, 2016, on eight counts of conspiracy, conversion and money laundering of the sum of n136 million from NIMASA.

 

Although the court discharged and acquitted the defendants for conspiracy owing to the failure of the prosecutor to prove it, they were, however, convicted of conversion and money laundering.

 

Count one reads: “That you, Calistus Nwabueze Obi and Dismas Alu Adoon on or about the 5th day of August 2014, in Lagos, within the jurisdiction of this Honourable Court did conspire amongst yourselves to commit an offence, to wit: Conversion of the sums of N111,000,000, property of NIMASA, knowing that the said sums were proceeds of stealing, and thereby committed an offence contrary to Section 18(a) of the Money Laundering (Prohibition) (Amendment) Act, 2012 and punishable under Section 15(3) of the same Act.”

 

Obi, Global Seal and Grand Pact were said to have converted N42,755,000.00 on December 24, 2013.

 

The EFCC said Mr Obi, on May 2, 2013, converted N25,000,000, as well as N46.3million being “proceeds of stealing” between April 1 and December 11, 2014.

 

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