{"id":67128,"date":"2019-06-03T18:27:43","date_gmt":"2019-06-03T17:27:43","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=67128"},"modified":"2019-06-03T18:27:43","modified_gmt":"2019-06-03T17:27:43","slug":"n136m-fraud-ex-nimasa-boss-calistus-obi-bags-42-years-jail-term-or-n252-million-fine","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/n136m-fraud-ex-nimasa-boss-calistus-obi-bags-42-years-jail-term-or-n252-million-fine\/","title":{"rendered":"N136m Fraud: EX-NIMASA BOSS, Calistus Obi, Bags 42 Years Jail Term or\u00a0 N252 Million Fine"},"content":{"rendered":"<p>Justice Mojisola Olatoregun of the Federal High Court sitting in Ikoyi,<br \/>\nLagos, on Monday, June 3, 2019, sentenced\u00a0 Calistus Obi, a\u00a0 former<br \/>\nacting\u00a0 Director-General, Nigerian Maritime Administration and Safety<br \/>\nAgency, NIMASA to 42 years imprisonment.<\/p>\n<p>Also sentenced to 42 years imprisonment is Alu Dismas, an aide to<br \/>\nPatrick Akpobolokemi, a former Director-General, NIMASA.<\/p>\n<p>Justice Olatoregun found the defendants guilty on counts two, three,<br \/>\nfour, six, seven and eight and sentenced them to seven years<br \/>\nimprisonment each on each count.<\/p>\n<p>The Judge, however, gave the convicts an &#8220;option of fine&#8221; of N42 million<br \/>\non each of the count. Justice Olatoregun also imposed a N10 million fine<br \/>\non the third and fourth convicts: Global Sea Investment and Grand Pact<br \/>\nLimited.<\/p>\n<p>The convicts were arraigned on April 12, 2016 on an eight-count charge<br \/>\nbordering on conspiracy, conversion, and money laundering to the tune of<br \/>\nN136m.<\/p>\n<p>One of the counts reads: &#8220;That you, Callistus Nwabueze Obi and Dismas<br \/>\nAlu Adoon, on or about the 5th day of August 2014, in Lagos, within the<br \/>\njurisdiction of this Honourable Court, did conspire amongst yourselves<br \/>\nto commit an offence to wit: Conversion of the sums of N111, 000, 000.00<br \/>\n(One Hundred and Eleven Million naira) property of NIMASA, knowing that<br \/>\nthe said sums were proceeds of stealing, and thereby committed an<br \/>\noffence.&#8221;<\/p>\n<p>They both pleaded not guilty to the charges, thereby setting the stage<br \/>\nfor their trial.<\/p>\n<p>During course of the trial, the prosecution called eight witnesses and<br \/>\ntendered several documents, which were admitted in evidence by the<br \/>\ncourt.<\/p>\n<p>When the sentencing hearing began, prosecution counsel, Rotimi Oyedepo<br \/>\nurged the court to pronounce sentence prohibiting the crime and impose<br \/>\nmaximum sentence on the convicts, having allowed the court to go through<br \/>\nthe rigor of full scale trial without taking advantage of Section 270<br \/>\nwhich would have saved the time of the court with accelerating the<br \/>\nmatter.<\/p>\n<p>He also told the court that Section 15(3) of the Money Laundering<br \/>\nProhibition Act has limited the discretion of the court in sentencing<br \/>\nthe convicts.<\/p>\n<p>He explained regarding the crime committed by the convicts, that the<br \/>\nSection specifies that the &#8220;court shall sentence not more fourteen years<br \/>\nand not less than seven years imprisonment&#8221;.<\/p>\n<p>He urged the court to order the convicts to make restitution or make<br \/>\ncompensation to the victim of the crime, which is NIMASA and order the<br \/>\nreturn of the embezzled funds and a company, LA Diva Hotels and Events<br \/>\nLimited situated at Plot 12, Phase 4, Cora Area, Asaba, Delta State,<br \/>\nbelonging to the first defendant, which forms part of the proceeds of<br \/>\ncrime as stated by the first defendant in the cause trial.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Justice Mojisola Olatoregun of the Federal High Court sitting in Ikoyi, Lagos, on Monday, June 3, 2019, sentenced\u00a0 Calistus Obi, a\u00a0 former acting\u00a0 Director-General, Nigerian Maritime Administration and Safety Agency,&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":67129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-67128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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