Abdulrasheed Maina Bags Jail Sentence for Money Laundering

Abdulrasheed Maina, the chairman of Pension Reforms Task Team, (now-defunct) was today, Monday 8th November handed an eighth years jail term for money laundering, by an Abuja High Court Justice, Okon Abang.

 
 

Justice Abang while delivering judgment this afternoon found Abdulrasheed Maina guilty of inducing staff of a Bank to open multiple bank accounts for him without conducting due diligence and money laundering.

 
 
 
 

Justice Abang also found the former chairman guilty of identity theft, for concealing his true identity as signatory to accounts which he opened in two banks, using the identity of his family members without their consent.

 
 
 

These accounts were said to have cash deposits of ₦300 million, ₦500 million and ₦1.5 billion. It was learnt that Abdulrasheed Maina stole and diverted public fund meant for pensioners as he could not prove where he got same from.

 
 
 

Justice Abang also held that through Maina’s service as a civil servant, his salary and emoluments would not amount to the amount  which was found in his procession, in these accounts.

 
 
 
 

The court further held that the prosecution (the Economic and Financial Crimes Commission), produced essential evidence through witnesses called, to prove beyond reasonable doubt that Maina was also guilty of money laundering in sum of ₦171,099,000.

 
 
 

Also Read:    Hajara Iyehh Egbunu Arrested Over Alleged Job Scam

 
 

The court ordered Maina and his firm to restitute about ₦2.1billion that was traced to their bank accounts, to the Federal Government, after which it ordered that the company should be wound up.

 
 
 
 

Besides, it ordered the forfeiture of Maina’s two choice properties at Lifecamp and Jabi districts of Abuja, to the government, as well as the auction of a bulletproof car and a BMW 5 series car that was found in premises of the convict.

 
 
 

In 2019, Maina was arraigned by the Economic and Financial Crimes Commission (EFCC) — but he pleaded not guilty to a 12-count charge of  ₦2 billion money laundering.

 
 
 
Also Read:   Conditions For Lifting Twitter Ban Will Apply To Other Social Media Platforms –  FG
 
 
 
 

Share:

Leave a Reply

Your email address will not be published.