N136 Million Fraud: Court Convicts Former NIMASA DG, Obi

A former Nigerian Maritime Administration and Safety Agency (NIMASA) acting Director-General, Callistus Obi, has been convicted by a Federal High court sitting in Lagos.

Obi was charged with N136 million fraud by the Economic and Financial Crimes Commission (EFCC).

Justice Mojisola Olatoregun found him guilty of money laundering on Thursday, deferring sentencing to a later date.

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.

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