N136m Fraud: Ex-NIMASA DG, Calistus Obi Bags 7-Yrs Imprisonment ‘Or’ N42m Fine

A Federal High Court in Lagos has sentenced a former Acting Director-General of NIMASA, Calistus Obi, to seven years imprisonment for N136 million fraud.

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

The court, however, gave him an option of N42million fine.

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

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

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