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Patrick Akpobolokemi in court on Thursday

Patrick Akpobolokemi was accused by the Economic and Financial Crimes Commission of conspiring with others to convert he sum of N601, 516.13 and $1,766,428.62, property of the Nigerian Maritime Administration and Safety Agency, knowing that the said sums were proceeds of theft.

He therefore committed an offence contrary to Section 18 (a) of the Money Laundering (Prohibition) (Amendment) Act, 2012 and punishable under Section 15 (3) of the same Act.

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