Court finds Maina guilty of laundering N2bn pension fund




Whatsapp News

Federal High Court in Abuja has convicted former chairman of the defunct Pension Reformed Task Team Abdulrasheed Maina of laundering.

Giving his judgement on Monday, Justice Okon Abang ruled that Maina is guilty of laundering in sum of N171,099,000.

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

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

court held that Maina stole funds meant for pensioners as he could prove where he got them from.

Maina had called only one witness during his defence in case instituted by the Economic and Financial Crimes Commission (EFCC).