How Akpobolokemi Spent N2.6bn NIMASA’s Funds

A Federal High Court in Lagos was Friday regaled with how former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Patrick Akpobolokemi, went on spending spree with funds belonging to the agency.
The Economic and Financial Crimes Commission in attempt to prove the allegation of extravagant spending on the part of the former DG, brought before the Court the receipt of a bulletproof car allegedly bought by Akpobolokemi
Also brought to court on Friday by the anti-graft agency was a document issued by an estate surveyor showing how Akpobolokemi allegedly paid for his rented apartment situated on Ondo Street, Banana Island, Lagos.
The EFCC brought the documents to court in furtherance of its claim that Akpobolokemi and five others defrauded NIMASA to the tune of N2.6bn while Akpobolokemi was the DG.
Charged with Akpobolokemi were Ezekiel Agaba, Ekene Nwakuche, Governor Juan, Blockz and Stonz Ltd., and Al-Kenzo Logistics Ltd.
They were arraigned last December before Justice Ibrahim Buba, but pleaded not guilty.
At the resumed trial on Friday, the EFCC’s 12th and last witness, Orji Chukwuma, continued his testimony against the accused.
EFCC alleged that Akpobolokemi and others converted to their private use various sums belonging to NIMASA, which amounted to N2.6bn.
In one instance, the prosecution alleged that sometime in February 2014 in Lagos, the accused persons conspired among themselves to convert the sum of N437,726,666.60 belonging to NIMASA to their own use.
They were further alleged to have on January 9, 2014 converted to their private use the sum of N66,800, 000 property of NIMASA.
The accused were further alleged to have, between April and August 2014, converted to their own use the sum of N21,802,000 and additional N53,749,000 respectively.
The EFCC told the court that they acted contrary to and thereby committed an offence contrary to sections 15 (3) and 18(a) of the Money Laundering (Prohibition) Act, 2012.

Author: News Editor

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