A Federal High Court in Lagos has sentenced a former Acting Director-General of NIMASA, Calistus Obi, to seven years imprisonment for N136 million fraud.
Obi, told a court last year that part of the money was channelled into the building of his hotel in Delta State.
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.”
He, however, said he had since refunded the sum after being held by the Economic and Financial Crimes Commission.
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