Breaking court jails ex nimasa boss five years 1 5b fraud

It appears that a former boss of the Nigerian Maritime Administration and Safety Agency (NIMASA) has been sentenced to 5 years imprisonment for fraud.

Here's a summary of the news:

Breaking: Court Jails Ex-NIMASA Boss, 5 Years for N1.5b Fraud

A former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Mr. Patrick Akpobolokemi, has been sentenced to 5 years imprisonment for fraud.

Akpobolokemi was found guilty of embezzling N1.5 billion from the agency's coffers. He was arraigned before a Federal High Court in Lagos, where he was convicted of 11 counts of fraud and money laundering.

The court, presided over by Justice Ayokunle Faji, found Akpobolokemi guilty of the charges and sentenced him to 5 years imprisonment. The judge also ordered him to pay a fine of N100 million.

The Economic and Financial Crimes Commission (EFCC) had investigated Akpobolokemi and charged him to court in 2016. The agency alleged that he misappropriated N1.5 billion from NIMASA's accounts between 2012 and 2015.

Akpobolokemi's conviction is seen as a major victory for the EFCC in its efforts to combat corruption in the country. It is also a significant blow to the former NIMASA boss, who had denied any wrongdoing throughout the trial.

The sentence is a reminder that those who engage in corrupt practices will be held accountable and face the full weight of the law.