Wednesday, December 8, 2021
Home Crime Abdulrasheed Maina Sentenced To 8 Years In Prison For Money Laundering

Abdulrasheed Maina Sentenced To 8 Years In Prison For Money Laundering

Former Chairman of the defunct Pension Reform Task Team, Abdulrasheed Maina, has been found guilty and sent to prison.

Maina who was jailed by Justice Okon Abang of the Federal High Court, Abuja on charges of operating fictitious bank accounts, corruption, and money laundering to the tune of N2 billion was prosecuted alongside his firm, Common Input Property and Investment Ltd.

Justice Abang held that the anti-graft agency successfully established the essential ingredients of the offences contained in the charge, beyond a reasonable doubt.

He held that the sentence would run concurrently, with effect from October 25, 2019.

The court ordered Maina and his firm to restitute about N2.1billion that was traced to their bank accounts, to the Federal Government, after which it ordered that the company should be wound up.

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.

His firm, Common Input Property and Investment Ltd., also standing trial, was found guilty.

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