Perpignan: The Shipowners Association of Nigeria (NISA) has said it might suspend its president, Captain Niyi Labinjo, who is being investigated by the Economic and Financial Crimes Commission (EFCC) for possible involvement in a $6.5m ship acquisition fraud.
The investigation centres on a failed ship sale between Acenk Maritime, a company owned by the NISA president, Energy Services Limited, and another indigenous shipowner, Mrs Nike Jolapamo-Onifade, the daughter of the immediate past president of NISA, Dr Isaac Jolapamo.
Labinjo and his wife have been arrested over claims that $2m of a $6.5m ship deal was diverted to the couple via a complex network of bank dealings. Labinjo denies the claims.