TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Alleged fraud: I used NIMASA funds to build hotel – Former DG

The Citizen by The Citizen
February 27 2018
in Financial Crimes
A A
0
Alleged fraud: I used NIMASA funds to build hotel – Former DG

A former acting Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Calistus Obi, who is being tried for an alleged fraud of N136m, told the court on Monday that part of the money was channelled into the building of his hotel in Delta State.

He, however, said he had since refunded the sum after being held by the Economic and Financial Crimes Commission.

Obi said this before the Federal High Court in Lagos, where he is standing trial alongside Alu Dismas, who was a personal assistant to his (Obi’s) predecessor, Patrick Akpobolokemi.

The other defendants in the charge are two firms – Grand Pact Limited and Global Sea Investment.

Obi, who is the first defendant, was fielding questions from the EFCC prosecutor, Rotimi Oyedepo, on Monday.

Answering questions as to what became of the N136m, Obi said, “I used part of the money to build my hotel constructed by Seastroke International. But the money has since been refunded to the EFCC.

“The hotel is located somewhere in Asaba, Delta State. I can’t recollect the address now. The building is completed and is already functioning. The title documents of the hotel is being processed but I have the Certificate of Occupancy and I can produce it before the court.”

His lawyer, Wale Akoni (SAN), however, raised an objection to the prosecutor’s enquiry about the title documents of the hotel, which he contended was not a subject before the court.

Akoni said, “My Lord, I am opposed to this line of questioning by the prosecution’s lawyer. The ownership of the hotel is not an issue in these proceedings. The prosecution is only trying to device a means of seizing the title documents through the back door.”

In his response, the EFCC lawyer, Oyedepo, urged the court to allow him to continue with his enquiry about the hotel, saying the witness had already admitted deploying part of the allegedly diverted money to building it.

“The witness has admitted that part of the funds allegedly diverted by him was used in building the hotel that is now functioning. At the end of this case, the law, as it stands today, empowers My Lord to forfeit property acquired with proceeds of unlawful activity.

“Section 30 of the EFCC Act empowers the court to forfeit proceeds of unlawful activity. I urge the court to allow us ask questions that will lead to the recovery of the title documents so that it can form part of the court’s record,” Oyedepo said.

In a bench ruling, Justice Mojisola Olatoregun dismissed Akoni’s objections, holding that “the questions asked on the title documents are in order and the issue of the EFCC trying to forcefully seize it does not arise.”

Meanwhile, the second defendant, Dismas, burst into tears in the open court on Monday after the judge revoked the bail granted him and sent him back to the prison custody.

The judge’s decision followed Dismas’ lateness to court.

Justice Olatoregun said it was not the first time that Dismas, who walked in at about 10.35am on Monday, would come late to court or be absent, stressing that the court could not wait for an accused person.

 

Previous Post

Crude oil prices hit three-week high at $67.43

Next Post

Ex-Biafran hero, Col. Joe ‘Hannibal’ Achuzia dies at 90

Related Posts

EFCC decries murder of officer, labels suspect as armed Internet fraudster
Financial Crimes

Escaped cybercrime suspect dies after gun battle with EFCC operatives

June 6 2026
2022 train attack: FG re-arraigns Tukur Mamu on amended terrorism charge
Financial Crimes

2022 train attack: FG re-arraigns Tukur Mamu on amended terrorism charge

June 1 2026
NDLEA uncovers concealed drugs in water purifiers, seizes military-grade ammunition
Financial Crimes

NDLEA uncovers concealed drugs in water purifiers, seizes military-grade ammunition

May 31 2026
Police arrest mother, daughter over N18m romance scam
Financial Crimes

Police arrest mother, daughter over N18m romance scam

May 28 2026
Court convicts ex-power minister Mamman of fraud, money, laundering
Financial Crimes

Ex-power minister Mamman begins 75-year jail term in Kuje

May 27 2026
Alleged N15.7bn fraud: Ex-Skye Bank chair Ayeni secures N200m bail
Financial Crimes

Alleged N15.7bn fraud: Ex-Skye Bank chair Ayeni secures N200m bail

May 26 2026
Next Post
Ex-Biafran hero, Col. Joe ‘Hannibal’ Achuzia dies at 90

Ex-Biafran hero, Col. Joe ‘Hannibal’ Achuzia dies at 90

Gov. Okorocha joins Imo West senatorial race

Gov. Okorocha joins Imo West senatorial race

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

His Royal Majesty, Obi Ifechukwude Okonjo II: Progressive Monarch fighting for his people

His Royal Majesty, Obi Ifechukwude Okonjo II: Progressive Monarch fighting for his people

by The Editor
June 4 2026
0

...

Ondo LG shuts schools over security concerns

Ondo LG shuts schools over security concerns

by The Editor
June 2 2026
0

...

IPOB hails observance of Biafra Heroes Remembrance Day

IPOB hails observance of Biafra Heroes Remembrance Day

by The Editor
May 31 2026
0

...

Alaafin urges FG to strengthen native intelligence after Oyo school attacks

Alaafin urges FG to strengthen native intelligence after Oyo school attacks

by The Editor
May 17 2026
0

...

APPOINTMENTS

Tinubu appoints Zainab Marwa into NDDC Board

Tinubu appoints Zainab Marwa into NDDC Board

by The Editor
June 4 2026
0

...

Botswana appoints Nigerian Adesina as Chair of Diamonds for Development Fund

Botswana appoints Nigerian Adesina as Chair of Diamonds for Development Fund

by The Editor
June 3 2026
0

...

Elumelu joins Seplat board after $496m share acquisition

Elumelu joins Seplat board after $496m share acquisition

by The Editor
May 21 2026
0

...

Tinubu appoints 39-year-old Prof as new JAMB registrar

Tinubu appoints 39-year-old Prof as new JAMB registrar

by The Editor
May 21 2026
0

...

ODDITIES

Court remands Anambra native doctor over security law violation

Court remands Anambra native doctor over security law violation

by The Editor
June 4 2026
0

Two men in police net for defiling four underage siblings

Eight men gang rape 16-year-old girl in Anambra

by The Editor
June 4 2026
0

Man dies after torture by So-Safe officers in Ogun

Man dies after torture by So-Safe officers in Ogun

by The Editor
June 2 2026
0

GLOBAL NEWS

Iran dismisses idea of Trump meeting supreme leader

Iran dismisses idea of Trump meeting supreme leader

by The Editor
June 5 2026
0

...

UN raises concern over renewed xenophobic attacks in South Africa

FG to repatriate over 1,000 Nigerians from South Africa

by The Editor
June 5 2026
0

...

Iran hits US Fifth Fleet HQ, airbase after violations near Strait of Hormuz

Iran hits US Fifth Fleet HQ, airbase after violations near Strait of Hormuz

by The Editor
June 3 2026
0

...

Kuwait suspends flights after Iran strikes airport

Kuwait suspends flights after Iran strikes airport

by The Editor
June 3 2026
0

...

Protesting teachers in Mexico topple player statues days before World Cup

Protesting teachers in Mexico topple player statues days before World Cup

by The Editor
June 3 2026
0

...

State of the States

Abia launches bid for UNESCO Creative City Status for Aba, plans 1929 Women Riot honour

Abia launches bid for UNESCO Creative City Status for Aba, plans 1929 Women Riot honour

by The Editor
June 3 2026
0

...

Gov. Adeleke deposes Oba Joseph Oloyede, Apetu of Ipetumodu

Gov. Adeleke mobilises hunters, security forces to protect Osun schools, communities

by The Editor
June 2 2026
0

...

Hoodlums attack Soludo’s Chief of Staff convoy, kill two policemen

Hoodlums attack Soludo’s Chief of Staff convoy, kill two policemen

by The Editor
June 1 2026
0

...

Amotekun Corps loses 200 operatives in battle against insecurity in Oyo

Amotekun Corps loses 200 operatives in battle against insecurity in Oyo

by The Editor
June 1 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
EFCC decries murder of officer, labels suspect as armed Internet fraudster

Escaped cybercrime suspect dies after gun battle with EFCC operatives

June 6 2026
2027: Donald Duke emerges PRP presidential candidate

2027: Donald Duke emerges PRP presidential candidate

June 6 2026
Enugu East endorses Tinubu, Mbah for 2027 elections, donates N300m

Enugu East endorses Tinubu, Mbah for 2027 elections, donates N300m

June 6 2026
Kidnappers of ex-army general release video, demand livestock, members’ release

Kidnappers of ex-army general release video, demand livestock, members’ release

June 6 2026

EDITORIAL REVIEW

Bandits attack mosque, kill 1, abduct 9 in Kaduna

Beyond Fulani militants’ menace – Punch

by The Editor
June 5 2026
0

Cooking gas price hike deepens Nigerians’ woes – Punch

Cooking gas price hike deepens Nigerians’ woes – Punch

by The Editor
June 3 2026
0

Nigeria’s obscene money politics – Punch

Nigeria’s obscene money politics – Punch

by The Editor
June 2 2026
0

The $498.8m fund to fight Ebola – Vanguard

The $498.8m fund to fight Ebola – Vanguard

by The Editor
June 1 2026
0

Tinubu denies Christian, Muslim genocide in Nigeria

Three years of Tinubu reforms – Punch

by The Editor
June 1 2026
0

Opinion

Of bandits and their informants/sponsors

Of bandits and their informants/sponsors

by The Editor
June 1 2026
0

...

Nigeria at critical juncture – Vanguard

Nigerian economy: The street is not smiling!

by The Editor
June 1 2026
0

...

Tinubu sticking to anti-masses policy, says Afenifere

As criminals seize Nigerian babies

by The Editor
May 31 2026
0

...

School attacks and the death of ethics

School attacks and the death of ethics

by The Editor
May 22 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.