BREAKING: Former Pensions Boss, Maina Bags 8-Years Jail Term
November 8, 2021
Former Chairman of the defunct Pension Reform Task Team, Abdulrasheed Maina, has been sentenced to 8 years imprisonment.
Justice Okon Abang of the Federal High Court, Abuja handed Maina the jail sentence, in a ruling on Monday.
The Economic and Financial Crimes Commission (EFCC), had arraigned Maina and his son, Faisal, on charges of operating fictitious bank accounts, corruption, and money laundering, to the tune of N2bn.
Apart from that, the Judge ordered that over N3bn cash in his numerous bank account be forfeited to the federal government alongside his three cosh house’s in Abuja.
Maina is also to forfeit all his bulletproof jeeps, BMW cars among others.
The court also found Maina guilty of concealing his true identity as a signatory to accounts opened in UBA and Fidelity bank by using the identity of his family members without their knowledge.
These accounts had cash deposits of N300 million, N500 million and 1.5 billion respectively.
His firm, Common Input Property and Investment Ltd., also standing trial, was found guilty.
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