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BREAKING: Like His Son, Maina Jailed 61 Years For Money Laundering

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Following the same pattern as his son, former chairman of now-defunct Pension Reforms Task Team, Abdulrasheed Maina, has been sentenced to 61 years’ imprisonment but to run concurrently for eight years by Justice Okon Abang of a Federal High Court in Abuja on Monday.

The court had found him guilty of inducing staff of Fidelity Bank to open bank accounts for him without conducting due diligence and money laundering checks.

Delivering the judgement, Justice Abang also found him 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 were said to have cash deposits of N300 million, N500 million and N1.5 billion.

The court held that Maina stole monies meant for pensioners as he could not prove where he got the same from.

Justice Abang also held that through Maina’s service as a civil servant, his salary and emoluments would not amount to the monies 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 the sum of N171,099,000.

Just last month October 7th, Maina’s son, Abdulrasheed Maina was sentenced to 24 years imprisonment in absentia by the same Justice Abang who also ordered that the 21-year-old Faisal, who had since June 24, 2020, failed to appear for his trial, be arrested anywhere he is found in Nigeria and remanded in any Correctional Service Centre to serve his jail term.

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