VIMSAS

AcronymDefinition
VIMSASVoluntary IMO (International Maritime Organization) Member State Audit Scheme
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References in periodicals archive ?
Nwakuche said that a VIMSAS account was opened in Zenith Bank on August 29, 2014, N198 million was paid into the account while on June 20, 2014, N300 million was paid into the account from the office of the NSA.
Nwakuche said that funds that were approved for VIMSAS by the office of the NSA were withdrawn from the bank, converted to dollars and handed over to Akpolokemi and Agaba.
It is open to all personnel involved in the audit process from maritime administrations tasked to prepare for the implementation of VIMSAS by conducting internal audits.
The course was open to all personnel involved in the audit process from maritime administrations tasked to prepare for the implementation of VIMSAS by conducting internal audits.
Commenting on the importance of the VIMSAS training course, Mr.
Nwakuche noted that a company called Arrow Head Consulting was allegedly used by the defendants to embezzle VIMSAS funds.
'Arrow World Consulting was not a consultant to VIMSAS, it was a company brought in by Agaba, it was supposed to be a Redundant Security Organisation (RSO) but the name of the company was used for the transactions.