Maina
BreakingHighlightTrending Story

Just in: Maina jailed 61 years for pension fraud, money laundering

291

 

Erstwhile Chairman of the defunct Pension Reforms Task Team, Abdulrasheed Maina, is to spend the next 61 years in jail, a court ruled on Monday in Abuja.

Justice Okon Abang of a Federal High Court, Abuja, who handed down the verdict, convicted him of money laundering.

The court pronounced that Abdulrasheed Maina stole monies meant for pensioners as he could not prove where he got about N2.3 billion in his accounts at from.

Marina was also found guilty of inducing staff of Fidelity Bank to open bank accounts for him without conducting due diligence.

The judge also held that he committed a crime by concealing his true identity as signatory to accounts opened in UBA and Fidelity Bank by using the identity of his family members without their knowledge.

Read Also: SERAP demands frugality in FG spending, wants court to stop Buhari from spending N26bn on travels, meals, others

These accounts have the following cash deposits of N300 million, N500 million and N1.5 billion.

Abang said Abdulrasheed Maina as a civil servant, his salary and emoluments could not amount to the billions in the accounts.

According to him, the Economic and Financial Crimes Commission had produced essential evidence through the witnesses called to prove beyond reasonable doubts that Maina was also guilty of money laundering in sum of N171 million.

The proceeds, the court ruled, formed part of unlawful act.

The 61 years jail term is to run concurrently for eight years.

Leave a comment

Related Articles

Alleged $45m money laundering: Court remands El-Rufai’s ex-Chief of Staff in prison

Bashir Sa’idu, former Chief of Staff to ex-Governor of Kaduna State, Nasir...

Edo Gov. election tribunal: Gov. Okpebholo orders probe into alleged DSS assault on journalists

Edo Gov. Monday Okpebholo has called for a probe into the alleged...

FirstBank Bountiful Harvest of Awards In 2024 – Testament To Excellence And Stakeholder Trust

In the gilded halls of excellence where dreams are crafted into legacies,...

Football development: NFF begins construction of hostel, world-class pitches

The Nigeria Football Federation (NFF) has commenced the construction of a hostel...

Nigeria secures endorsement of seven countries for UNESCO media institute

Nigeria has taken a significant step towards hosting the UNESCO Category II...

Xenophobic attacks: Tension rises between Nigeria and South Africa amid property damage, seizures

Tensions between Nigeria and South Africa have escalated following allegations of systematic...

Breaking: Reconsider your withdrawal, come for dialogue, WHO urges US

Few hours after US pulling out, the World Health Organisation(WHO) has expressed...

NPA, NLNG collaborate to boost Nigeria’s export capabilities

In a bold move to boost Nigeria’s export sector, the Nigerian Ports...

Trump grants TikTok 75-day reprieve, eyes 50-50 partnership with ByteDance

In a surprise move, US President Donald Trump has ordered a 75-day...

Few weeks to son’s wedding, FG’s hospital senior staff commits suicide, plungs into deep well

A tragic incident has hit the Federal Medical Centre (FMC), Idi-Aba, Abeokuta,...

14 key takeaways from Donald Trump’s inaugural speech as the 47th President of the United States:

1. The golden age begins now. The golden age of America begins...

1,500 Capitol Rioters Receive Unprecedented Pardon from Trump, Sparks Outrage

Just hours after taking office, US President Donald Trump granted pardons on...

Breaking: Trump pulls US from WHO, signs executive bill

US President Donald Trump has signed an executive order to withdraw the...

Pres. Trump reverses Biden’s Paris deal

Newly-inaugurated President Donald Trump has confirmed that he will withdraw the United...

NNPC Ltd Blames Economic Saboteurs for Buguma Wellhead Fire, Pledges to Combat Threat

The Nigerian National Petroleum Company Limited (NNPC Ltd) has pinpointed pipeline vandalism...

Inaugural Speech of Donald J. Trump, 47th. President of America

Thank you. Thank you very much, everybody. Well, thank you very, very...

Breaking: Trump vows to halt illegal immigration

Donald Trump was inaugurated as the 47th President of the United States...

FCT Minister Inaugurates Key Road in Abaji Area Council

In fulfillment of a critical infrastructure promise, the Minister of the Federal...

State FA Cup Competitions Kick Off Across Nigeria

The President Federation Cup competition kicked off nationwide on Monday, with preliminary...

Alleged N12.3bln fraud: Otudeko, others’ arraignment stalled, court adjourns until Feb. 13

Justice Chukwujekwu Aneke of the Federal High Court in Lagos has adjourned...