Slap on the wrist! Court sentence Ex Nimasa boss to 5 years for stealing N1.5Bn

A Federal High Court sitting in Lagos has sentenced a former Director-General of the Nigerian Maritime Administration Safety Agency, Mr. Raymond Omatseye, to five years in prison for a N1.5bn contract scam.
The Economic and Financial Crimes Commission had arraigned for engaging in contract splitting and bid rigging estimated at over N1.5bn while he was the DG of NIMASA.
The offence, according to the EFCC, contravened Section 58(4) (d) of the Public Procurement Act, 2007. Omatseye was also charged with money laundering contrary to Sections 14(a) of the Money Laundering (Prohibition) Act, 2004.

Don't Revive Nigerian National Shipping Line. Obasanjo tells Buhari

Former President Olusegun Obasanjo on Monday advised the Federal Government against resuscitating the defunct Nigerian National Shipping Line.
Obasanjo gave the advice in Lagos in his address as the Chairman of a two-day stakeholders’ conference on themaritime industry.
The former president blamed the demise of NNSL on the lack of professionalism and high level corruption at the time.
He said: “NNSL had been liquidated. “They tried Nigeria Unity Line, it collapsed. “Nineteen brand new ships were specially built for Nigeria.
“We did not take delivery of some of them until I left office in 1979.
“When I came back in 1999, NNSL had been liquidated with all the 19 ships gone as well as the five ships in existence.
“Two of the ships were missing for almost two years and it was discovered that one military man was using them all over the world and no accountability.”
The former president urged the present administration to “think out of the box and come up with what should be done to grow the maritime industry”.
Obasanjo added: “Until NIMASA became a source of where people steal money, nobody knew too much about it.”