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BREAKING NEWS: Former NIMASA Boss Raymond Omatseye Bags 5 Years Imprison Over N1.5B Fraud

Raymond Omatseye

A former Director-General of the Nigerian Maritime Administration Safety Agency (NIMASA), Raymond Omatseye, has been sentenced to five years in prison for N1.5billion contract scam by a Federal High Court sitting in Lagos.
According to a source, Nigeria's anti-graft agency, the Economic and Financial Crimes Commission (EFCC) had arraigned him for engaging in contract splitting and bid rigging estimated at over N1.5billion while he was the DG of NIMASA.

The offence, according to the EFCC, contravened Section 58(4) (d) of the Public Procurement Act, 2007. He was also charged with money laundering contrary to Sections 14(a) of the Money Laundering (Prohibition) Act, 2004.

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