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The Court of Appeal sitting in Lagos has acquitted former Acting Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Calistus Nwabueze Obi in the alleged N136m Fraud case.
Justice Ngozi Nwosu-Iheme delivered judgment in the Appeal filed by Obi in suit Nos.CA/LAC/CV/917/2019, CA/LAC/CV/917A/2019 and CA/LAC/CV/917B 2019 voided the judgment of Justice Mojisola Olateregun of the Federal High Court in Lagos, delivered on May 23, 2019.
The Court also discharged and acquitted Obi, Messrs. Global Seal Investments Ltd, and Grand Pact Ltd on all eight counts of theft, conversion, fraud, and money laundering charges preferred against them.
It would be recalled that the Economic and Financial Crimes Commission (EFCC) had in April 2016 arraigned and prosecuted him on eight count charges of stealing, conversion, and money laundering amounting to N136 million alongside another NIMASA staff, Alu Dismass.
