Maina jailed: Ex Pensions Boss sentenced 61 years for money laundering

Maina Jailed: The Federal High Court in Abuja on Monday sentenced a former chairperson of the defunct Pension Reform Task Team (PRTT), Abdulrasheed Maina, to eight years imprisonment.

The judge, Okon Abang, jailed him after convicting him of counts 2, 6, 9, 3, 7 and 10 in the charge filed against him by the Economic and Financial Crimes Commission (EFCC).

He held that Mr Maina stole over N2 billion belonging to pensioners, “most of whom have died without reaping the fruits of their labour,” the judge said.

“I find the defendant (Mr Maina) guilty and convicted in count 2, 6, 9, 3, 7 and 10,” Mr Abang held.

In his analysis of the evidence led in the case, Mr Abang held that the prosecution established its case against Mr Maina.

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.

Delivering the judgement, Justice Abang also found him guilty of 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.

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 same from.

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