Ex-NIMASA Director General gets 42 Years Jail Term or N252 Million Fine
CASE NUMBER 10956:
Ex-NIMASA Director General gets 42 Years Jail Term or N252 Million Fine

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Alleged Perpetrators(s)
Calistus Obi

Location (Town / State)
Ikoyi, Lagos

Date of Event
03 Jun 2020

Date of republication
03 June every year


Case category (Choose all that apply)
fraud

Case Summary
Federal High Court sitting in Ikoyi, Lagos sentenced Calistus Obi, a former acting Director-General, Nigerian Maritime Administration and Safety Agency, NIMASA to 42 years imprisonment.

Full story
He was arraigned by the Economic and Financial Crimes Commission (EFCC), which had alleged that the offence was committed in August 2014. The commission said Obi and a former NIMASA employee, Alu Dismas, conspired to unlawfully appropriate property belonging to the agency knowing full well that they are proceeds of stealing, in violation of the 2012 Money Laundering Prohibitions Act.
Justice Olatoregun found the defendants guilty on counts two, three, four, six, seven and eight and sentenced them to seven years imprisonment each on each count.
The Judge, on the other hand, gave the convicts a "option of fine" of N42 million on each count. Justice Olatoregun also fined the third and fourth convicts, Global Sea Investment and Grand Pact Limited, N10 million.
On April 12, 2016, the convicts were arraigned on an eight-count charge of conspiracy, conversion, and money laundering totaling N136m.

Photo credit: https://www.premiumtimesng.com/news/headlines/333208-ex-nimasa-d-g-jailed-7-years-gets-n42-million-option-of-fine.html

External links/URLs
https://www.efcc.gov.ng/news/4356-n136m-fraud-ex-nimasa-boss-calistus-obi-bags-42-years-jail-term-or-n252-million-fine
https://www.premiumtimesng.com/news/headlines/333208-ex-nimasa-d-g-jailed-7-years-gets-n42-million-option-of-fine.html



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