Maina Bags 8 Years Imprisonment For Money Laundering

Posted on November 8, 2021

The Federal High Court sitting in Abuja, on Monday, convicted and sentenced the former Chairman of the defunct Pension Reform Task Team, PRTT, Mr. Abdulrasheed Maina, to eight years in prison for money laundering.

The court, in a judgement that was delivered by Justice Okon Abang, found Maina guilty on all the 12-count charge the Economic and Financial Crimes Commission, EFCC, preferred against him and his company, Common Input Property and Investment Limited.

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.

Besides, it ordered the forfeiture of Maina’s two choice properties at Life camp and Jabi districts of Abuja, to the government, as well as the auction of a bulletproof car and a BMW 5 series car that was found on the premises of the convict.

Justice Abang stressed that though the law made provision for a maximum sentence of 14 years, he said he was moved by Maina’s plea for mercy.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

ABIODUN KOMOLAFE A critical tactical blunder in Nigeria’s chequered political history is that the... Continue
Ebuka Peters, widely known in Nigeria’s entertainment industry as EP Of Lagos, is fast... Continue
Zinox Group, Africa’s foremost integrated technology conglomerate, and its e-commerce subsidiary, Konga, in a... Continue
Introduction:   We watched the interview by His Excellency, Mr. Peter Obi, CON, on... Continue
AFOLABI SAHEED OLAWALE Senator Solomon Olamilekan Adeola (YAYI), representing Ogun West Senatorial District at... Continue
The Orashi National Congress, ONC, has commended the Executive Chairman of Ahoada East Local... Continue
The Executive Governor of Anambra State, Professor Chukwuma Charles Soludo, CFR, has expressed shock... Continue
The Ogun State Command of Vigilante Group Nigeria (VGN) a voluntary anti-crime prevention and... Continue
   AFOLABI SAHEED OLAWALE  Debutants George Ilhenikena and Moses Usor scored to steer Nigeria... Continue
KINGSLEY EBERE Former Anambra State Governor and presidential candidate of the National Democratic Congress,... Continue

UBA


Access Bank

Twitter

Sponsored