UPDATED: Ex-NIMASA Boss, Calistus Obi, Bags 42 Years, Gets Option of N252 million as Fine for N136m Fraud

The Federal High Court in Lagos on Monday sentenced convicted former Nigerian Maritime Administration and Safety Agency (NIMASA) acting Director-General Calistus Obi to seven years imprisonment.

Also sentenced by Justice Olatoregun of Fed High Court Lagos, was Alu Dismas. They were found guilty on counts 2, 3, 4, 6, 7 & 8 and sentenced to 7years on each count. They had pleaded not guilty to 8 counts brought against them by the EFCC on April 12, 2016.

Justice Mojisola Olatoregun had on May 23 found him guilty of money laundering and converting the agency’s funds to personal use.

The judge gave them an “option of fine” of N42 million on each count and imposed a N10 million fine on Global Sea Investment & Grand Pact Limited involved in the alleged fraud.

The EFCC called 8 witnesses & tendered several documents, admitted in evidence against them.

The court refused to order the forfeiture of his seized assets.

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