The prosecution proved that the convicts converted the sum of money, N136million, belonging to the Agency to their personal use on August 5, 2014.
One of the counts reads: "That you, Callistus Nwabueze Obi and Dismas Alu Adoon, on or about the 5th day of August 2014, in Lagos within the jurisdiction of this Honourable Court, did conspire amongst yourselves to commit an offence to wit: Conversion of the sums of N111, 000, 000.00 (One Hundred and Eleven Million naira) property of NIMASA, knowing that the said sums were proceeds of stealing, and thereby commited an offence."
The defendants pleaded not guilty to the charge preferred against them, thereby leading to their trial.
In the cause of the trial, the prosecution called eight witnesses and tendered several documents, which were admitted in evidence by the court.
At the resumed hearing today, Justice Olatoregun discharged and acquitted the defendants of the charge of conspiracy preferred against them.
The Judge, however, convicted them of conversion and money laundering.
The Judge said: "The prosecution has proved the charges preferred against you beyond reasonable doubt with evident conversion and money laundering of N136million".
Justice Olatoregun, however, deferred sentencing to May 28, 2019 and ordered that the convicts be remanded in prison custody.