Court sentences ex-Pension boss, Maina to 8 years imprisonment for money laundering

Court sentences ex-Pension boss, Maina to 8 years imprisonment for money laundering

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

Delivering the judgement, Justice Okon Abang, found Maina guilty on all the 12-count charges 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 Lifecamp 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 in 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.

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