Home News Court Sentences Maina To Eight Years Imprisonment

Court Sentences Maina To Eight Years Imprisonment

by Good News

A Federal Excessive Court in Abuja has sentenced Abdulrasheed Maina, the feeble chairman of the now-defunct Pension Reformed Job Crew to eight years imprisonment.

Maina became convicted after he became chanced on responsible of cash laundering.

In a judgement delivered on Monday by Justice Okon Abang, the court docket held that the prosecutor, the Financial and Monetary Crimes Commission (EFCC) has produced fundamental proof through witnesses to display previous cheap doubt that Maina is responsible of cash laundering within the sum of N171,099,000.

Maina became additionally chanced on responsible of concealing his correct identification as a signatory to accounts opened in two banks – UBA and Constancy bank – by the instruct of the identification of his household without their recordsdata.

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

The court docket held that Maina stole monies supposed for pensioners as he might also not display the put he bought them from.

Maina (with safety operatives) exterior the court docket premises after he became sentenced to eight years imprisonment for money laundering on Monday, November 8, 2021.The court docket additionally chanced on Maina accountable for the acquisition of a property in Abuja paid in money within the sum of $1.4million, which is above the statutory threshold of N5million and without passing through a financial institution, describing it as a felony offense.

On the other hand, while Maina became leaving the court docket premises, there became a squabble between operatives of the EFCC and safety officials from Kuje correctional center on whose custody Maina is to be remanded, as the resolve failed to acquire any pronouncement on the put he might also peaceable be remanded.

Whereas studying his judgement, the trial resolve acknowledged the correctional center can be ready to preserve his correctly being.

After the scuffle became resolved, Maina became within the slay taken to Kuje correctional center.

His Counsel Olusegun Jolaawo informed journalists that they might be able to be attention-grabbing the judgement.

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