Home Scam/Fraud N2.1bn Pension Scam: Court Convicts Maina

N2.1bn Pension Scam: Court Convicts Maina

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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…

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