Ex-pension boss Maina has been sentenced to eight years imprisonment.
Glamtush reports that a Federal High Court in Abuja has sentenced the former chairman of the now-defunct Pension Reformed Task Team, Abdulrasheed Maina, to eight years imprisonment.
Maina was convicted after he was found guilty of money laundering.
In a judgment delivered on Monday by Justice Okon Abang, the court held that the prosecutor, the Economic and Financial Crimes Commission (EFCC) has produced essential evidence through witnesses to prove beyond reasonable doubt that Maina is guilty of money laundering in the sum of N171,099,000.
Maina was also found 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.
The court also found Maina guilty for the purchase of a property in Abuja paid in cash in the sum of $1.4million, which is above the statutory threshold of N5million and without passing through a financial institution, describing it as a criminal offense.
However, while Maina was leaving the court premises, there was a squabble between operatives of the EFCC and security officials from Kuje correctional center on whose custody Maina is to be remanded, as the judge did not make any pronouncement on where he should be remanded.
While reading his judgement, the trial judge said the correctional center will be able to take care of his health.
After the scuffle was resolved, Maina was eventually taken to Kuje correctional center.
His Counsel Olusegun Jolaawo told journalists that they will be appealing the judgement.
The newly elected SDNON excos have unveiled their ambitious plans for 2025 and celebrated the outgoing executives.…
The leader of the INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has released his 2025…
Music has always been central to African culture, reflecting societal changes while connecting generations. In…
Sinach is set to feature in the global Christian event, Gather25. Glamtush reports that Gather25,…
Yahaya Bello has been released after meeting his bail conditions. Glamtush reports that former…
Makinde has cancelled his birthday celebration to honour the Ibadan stampede victims. Glamtush reports that Governor…