BREAKING: Court convicts ex-pension boss ‘Maina’ of money laundering

A federal high court in Abuja has convicted Abdulrasheed Maina, former chairman of the Pension Reform Task Team (PRTT), on charges of money laundering of over N2bn

In 2019, Maina was arraigned by the Economic and Financial Crimes Commission (EFCC) — but he pleaded not guilty to a 12-count charge of money laundering to the tune of N2 billion.

Delivering the judgment on Monday, Okon Abang, trial judge, held that Maina stole over N2 billion belonging to pensioners, “most of whom have died without reaping the fruits of their labour”.

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

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The evidence in chief of the witness did not help the defendant as they did not relate to the charges against the defendants.

Justice Okon Abang also found Maina guilty of concealing his true identity as a signatory to accounts opened in two banks – UBA and Fidelity bank – by using the identity of his family members without their knowledge.

These accounts had cash deposits of N300million, N500million, and N1.5billion.

The court held that Maina stole monies meant for pensioners as he could not prove where he got them from.

Justice Abang also held that through Maina’s service as a civil servant, his salary and emoluments will not amount to the monies in these accounts.

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