Just In: Court convicts ex-acting DG NIMASA, Callistus Obi, reserves sentencing to May 28

The ex-acting Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Callistus Obi, has been convicted by the Federal High Court in Lagos on Thursday on charges on money laundering.

The Judge, Justice Mojisola Olatoregun, however, adjourned until May 28 for sentencing.
The Economic and Financial Crimes Commission (EFCC) arraigned Obi on April 12, 2016, on eight counts of converting N378,810,000 from NIMASA.
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He was charged along with Dismass Alu Adoon, Grand Pact Limited and Global Sea Investment Limited.
Obi took over from Dr Patrick Akpobolokemi, who is also facing five separate fraud and theft charges.
Obi, Global Seal and Grand Pact were said to have 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.