Skip to content
September 10, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • N1.5bn fraud: Court of Appeal reverses Omatseye’s conviction
  • National News

N1.5bn fraud: Court of Appeal reverses Omatseye’s conviction

Admin May 11, 2017

The Court of Appeal in Lagos on Thursday reversed the sentence on Raymond Omatseye, a former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA) on allegations of N1.5 billion fraud.

Justice Yargata Nimpar, who read the decision of the court, said the High Court which tried him, did not properly evaluate the evidence before it.

The Federal High Court, Lagos, on May 20, 2016,  presided by Justice Rita Ofili-Ajumogobia, sentenced Omatseye to five years in jail over an alleged N1.5 billion contract scam.

Nimpar said:  “The prosecution should not ride roughshod over the Constitution.

“The judiciary will do the war on corruption more harm by declaring someone a criminal, where no offence has been committed

“I find merit in the appeal. The conviction is hereby set aside and the appellant is hereby discharged and acquitted.”

The High Court had found Omatseye  guilty of 24 out of the 27 charges brought against him by the Economic and Financial Crimes Commission.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsbar newsticker recommended

Post navigation

Previous NASS passes 2017 appropriation bill; publishes own budget; Senate gets N31bn, House N49bn
Next US spends N152bn on humanitarian services in North East, others

Related Stories

Nigeria, Cameroon Push for Unified Operations at Ekok-Mfum Border Post federal republic of nigeria
  • National News

Nigeria, Cameroon Push for Unified Operations at Ekok-Mfum Border Post

September 9, 2026
Police Foil Kidnapping Attempt, Arrest Cultists, Recover Arms And Stolen Vehicles in Nationwide Crackdown Ekiti abductors
  • National News

Police Foil Kidnapping Attempt, Arrest Cultists, Recover Arms And Stolen Vehicles in Nationwide Crackdown

September 9, 2026
Nollywood producers may leave YouTube if Naira strengthens against Dollar – Film maker 
  • National News

Nollywood producers may leave YouTube if Naira strengthens against Dollar – Film maker 

September 9, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

The Amupitan you do not know, by Ray Umokoro
  • Commentaries

The Amupitan you do not know, by Ray Umokoro

September 10, 2026
Trump ⁠⁠⁠⁠⁠promises $5,000 to every U.S. adult if Republicans win midterm elections
  • International News

Trump ⁠⁠⁠⁠⁠promises $5,000 to every U.S. adult if Republicans win midterm elections

September 10, 2026
Massive crowd as PDP flags-off campaign for Ogun 2027 governorship poll
  • Politics

Massive crowd as PDP flags-off campaign for Ogun 2027 governorship poll

September 9, 2026
Nigeria, Cameroon Push for Unified Operations at Ekok-Mfum Border Post federal republic of nigeria
  • National News

Nigeria, Cameroon Push for Unified Operations at Ekok-Mfum Border Post

September 9, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.