BREAKING: Ex-pensions boss, Maina bags 8 years in prison
The Federal High Court sitting in Abuja, on Monday has sentenced the former Chairman of the defunct Pension Reform Task Team, PRTT, Mr Abdulrasheed Maina, to 8 years in prison for money laundering.
In a judgement that was delivered by Justice Okon Abang on Monday, Maina was found guilty on several charges of Money Laundering.
The Economic and Financial Crimes Commission, EFCC, filed a 12 charge case against maina and his company, Common Input Property and Investment Limited
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.
He also ordered the forfeiture of Maina’s properties in Abuja.