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BREAKING: Faisal Maina, Ex-Pension Chairman’s Son Jailed For 14 years in prison

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Justice Okon Abang of the Federal High Court in Abuja has sentenced Faisal Maina, the son of the former chairman of the Pension Reform Taskforce Team (PRTT) to 14 years in prison for money laundering.

Justice Okon Abang of the Federal High Court in Abuja gave the judgement on Thursday in the suit filed by the Federal Government against Faisal Maina, on money laundering charges.

Faisal, who is standing trial on charges of money laundering, had jumped bail refusing to attend trial since November 24, 2020.

The trial judge, Okon Abang in his judgement found Faisal guilty on a three-count charges preferred against him by the Economic and Financial Crimes Commission (EFCC).

Justice Abang held that the anti-graft agency (EFCC) was able to establish that Faisal operated a fictitious bank account with the United Bank for Africa (UBA), through which his father, Maina, laundered the sum of N58.1million.
The court noted that the said fund which was deposited into the account that was operated in the name of Alhaji Faisal Farm 2, was subsequently withdrawn by Faisal and his father between October 2013 and June 2019.
The judge said he was satisfied that the EFCC proved all the essential ingredients of the charge, adding that the defendant reasonably ought to have known that inflows into the bank account formed proceeds of an unlawful act by his father.
On count one, Faisal was sentenced to five years’ imprisonment, 14 years on count two and another five-year sentence on count three. The sentence is to run concurrently starting from judgment day.
The judge also ordered that 21-year-old Faisal be arrested anywhere he is found in Nigeria and remanded in any Correctional Service Centre to serve his jail term.
“The federal government shall arrest the convict anywhere found in the country and commit him to serve his jail term, if not found in the country, the FG shall legally or lawfully commence extradition proceedings against him,” the judge held.
The court ordered that the company through which the fund was laundered, Alhaji Faisal Farm 2, be wound up, and the funds in it forfeited to the government.

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