By Modupe Gbadeyanka

A federal high court sitting in Abuja on Monday, November 8, 2021, convicted former chairman of the Pension Reform Task Team (PRTT) Mr Abdulrasheed Maina.

Justice Okon Abang, in a ruling today, found Mr Maina guilty of charges of money laundering brought against him by the Economic and Financial Crimes Commission (EFCC) and sentenced him to eight years imprisonment.

According to the judge, the prosecution successfully established the essential ingredients of the offences contained in the charge, beyond reasonable doubt and convicted him on counts 2, 3, 6, 7, 9 and 10 of the charge. The sentence shall run from October 25, 2019.

The court also ordered Mr Maina and his firm, Common Input Property and Investment Limited, to restitute about N2.1 billion that was traced to their bank accounts, to the federal government, after which it ordered that the company should be wound up.

The court found Mr Maina culpable of concealing his true identity by inducing officials of two banks, Fidelity Bank and UBA, to open accounts for him, without carrying out due diligence, using the identities of members of his family without their knowledge.

Two of those accounts had cash deposits of N300 million, N500 million and N1.5 billion.

The court held that Mr Maina stole monies meant for pensioners, “most of whom have died without reaping the fruits of their labour,” as he could not explain the source of the monies in his accounts. Moreover, his salaries…

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