Saturday, 30 April 2016

A witness demonstrates how former Nigerian NIMASA boss stole N795 million from Federal government

Patrick Akpogbolokemi
A witness in the trial of a former director general of Nigerian Maritime Administration and Safety Agency (NIMASA) Patrick Akpobolokemi allegedly stole N795 million from the coffers of the federal government.

 

During his examination at a Federal High Court in Lagos, Orji Chukwuma, the twelfth witness in the trial said Akpobolokemi and five others stole N795,200,000 from NIMASA’s account and converted the money for their personal use. 

Using an audio-visual presentation, Orji said N943,008,666 was laundered through various accounts and the same process. 

He said that in 2014, Akpobolokemi through the office of the then national security adviser applied for the approval of the sum of N795,200,000.

He also said that out of the total amount applied for, N746,300,000 was diverted through shady companies and direct cash withdrawals. 

Orji presentation further showed that 94% the approved sum was siphoned through a conspiracy amongst the accused persons and their companies. 

He said that only 6% of the money was accounted for. 

At the previous hearing, Orji had told the court that Akpobolokemi and his associates converted N1 billion from the committee on international shipping and port security account for their personal use through six different companies. 

Having listened to the witness’s testimony, the trial judge, Ibrahim Buba adjourned the matter to Monday and Friday, May 23 and 27 for continuation of trial. 

Akpobolokemi is facing a 30-count charge bordering on conspiracy, fraudulent conversion of funds and money laundering alongside Ezekiel Agaba, an executive director; Ekene Nwakuche and Felix Bob-Nabena among others.


Source- Naij.com

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