Abdulrasheed Maina sentenced to 8 years in prison for money laundering

Abdulrasheed Maina sentenced to 8 years in prison for money laundering

Abdulrasheed Maina, former chairman of the Pension Reform Task Team (PRTT), has been convicted on charges of money laundering by a federal high court in Abuja.

Maina was arraigned by the Economic and Financial Crimes Commission (EFCC) In 2019 — 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”.

The judge said the former PRTT chairman is 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. The accounts had cash deposits of N300 million, N500 million, and N1.5 billion.

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