The Federal High Court in Lagos on Thursday convicted a former Nigerian Maritime Administration and Safety Agency acting Director-General Calistus Obi for converting the agency’s funds.The Economic and Financial Crimes Commission arraigned Obi on April 12, 2016 on eight counts of converting N378, 810, 000 from NIMASA.
Obi, a former NIMASA Executive Director, Maritime Labour and Cabotage Services, took over from Dr Patrick Akpobolokemi, who is also facing multiple money laundering and theft charges. Obi was charged with Akpobolokemi’s former aide Dismass Alu Adoon, Grand Pact Limited and Global Sea Investment Limited.She found Obi guilty of counts five, six, seven and eight; she found Adoon guilty of counts two and four.Justice Olatoregun adjourned until May 28 for allocutus and sentencing.EFCC closed its case on January 31, 2017.The prosecution said Obi, Global Seal and Grand Pact allegedly converted N42,755,000.00 on December 24, 2013.
EFCC said 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, among others. Count one of the charge reads: “That you, Calistus Nwabueze Obi and Dismass 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 of the Money Laundering Act, 2012 and punishable under Section 15 of the same Act.
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