A Court of Appeal sitting in Abuja has upheld the conviction of Faisal, the son of Abdulrasheed Maina, for conspiracy and money laundering.
In a judgment on Thursday, a three-member panel of the appellate court however reduced his term of imprisonment from 14 years to seven years on the grounds that he is a first-time offender.
In the lead judgment by Justice Ugochukwu Anthony Ogakwu, the court held that Justice Okon Abang of the Federal High Court, Abuja was right to have convicted Faisal.
It was of the view that being a first-time offender, the trial court ought not to have handed the convict the maximum punishment under the law.
Maina, the former chairman of the defunct Pension Reform Taskforce Team, is serving an eight-year jail term at Kuje Prison in Abuja for pension fraud to the tune of N2 billion and his son has been named an accomplice.
Recall, the Economic and Financial Crimes Commission (EFCC) arraigned Maina before Justice Okon Abang of the Federal High Court in Abuja on October 25, 2019, and firm, Common Input Property and Investment Ltd, on 12 counts of money laundering.
He had pleaded “not guilty” to the charges and subsequently jumped bail twice in the course of the trial. He was later arrested in Niamey, Niger Republic, where he had fled.
On November 8, 2021, Justice Abang in his ruling sentenced the convict to three years imprisonment for count 1, five years for count 2, eight years for count 3, eight years for count 4, two years for count 5, five years for count 6, and eight years in count seven.
He also sentenced him to three years in jail for count 8, five years for count 9, eight years for count 10, three years for count 11, and three years for count 12.