Maina Sentenced To Jail For Stealing Over N2 Billion
Maina’s sentence will begin on October 25, 2019, the day he was arrested for the first time.
By Omotayo Olutekunbi
Abdulrasheed Maina, the former Chairman of the defunct Pension Reform Task Team, was found guilty and sentenced to prison on money laundering allegations.
He was accused with a number of offenses totaling N2.1 billion, including running bogus bank accounts, corruption, and money laundering.
In a judgement issued on Monday, November 8, 2021, Justice Okon Abang of the Federal High Court in Abuja found him guilty and sentenced him to eight years in jail.
The former official misappropriated cash designated for retirees, according to the judgment, depriving them of the results of their labor.
When he induced officials at Fidelity Bank and the United Bank for Africa to register accounts for him using the identities of his family members, Maina was found to have disguised his genuine identity.
According to the Economic and Financial Crimes Commission (EFCC), he had cash deposits of N300 million, N500 million, and N1.5 billion in two of the accounts.
He was also found guilty of paying $1.4 million in cash for a property in Abuja without first going through a banking institution.
In addition to the prison term, Justice Abang ordered Maina and his company, Common Input Property and Investment Limited, to return to the Federal Government about N2.1 billion traceable to their bank accounts.
The convict’s sentence will begin on October 25, 2019, the day he was detained for the first time.
Follow Our Activities On Facebook
11 hours ago
12 hours ago
13 hours ago
15 hours ago
#BigBrotherNaija “Level Up” Week 6
Though last Sunday Sunday was meant to be a “no-eviction” day, it came as a shocker when fake housemate, Modella…
Dating in 2022; Situationships Are Not For The Fainthearted
Situationships are defined as that space between a defined relationship and something other than a friendship. It is a romantic…
20 Questions With Dinta Media’s Visual Storyteller, Chimeremogo Nwoke
Dinta Media is not really just a media production brand but we like to see ourselves as a hub for…
How Are Nigeria’s Small Businesses Coping?
The current rising rate of inflation and other burdens against the Nigerian economy speaks to the realities of the times.
Thrifting Is All The Rave Now, Here’s Why
By Amy Adindu The affordable clothing movement has gained global attention and acceptance as we’re all trying to look like…
#BigBrotherNaija “Level Up” Week 2
Week 2 of the highly watched Nigerian TV show kicked off with an early plot twist. On Sunday, Big Brother…
#BlueTunes: Burna Boy, Omah Lay Top Album Picks For July
July was a promising month for music lovers; from Lizzo’s album titled Special and Imagine Dragons’ Mercury, (Acts 1 &…
#BlueTunes Album Picks For June
Gbagada Express – Boj Bolaji Odojukan, popularly known as BOJ, was raised both in England and Nigeria. He shot to…
“A Creative’s Dream” with Jeff Chinonso
On the 26th of June 2022, Jeff Chinonso hosted his first solo art exhibition. The Augmented Reality exhibition themed “A…
Nigerian API-based company Thepeer raises $2.1 million
Tech infrastructure startup Thepeer has raised a $2.1 million seed round according to a report from TechCabal. Thepeer, a Nigerian…
Dika Ofoma, Ugochukwu Onuoha take on grief in Debut Film “The Way Things Happen”
The twenty-minute film focuses on the loss of a loved one, and how grief changes a person.
Nigerian Startups might just be Crippled by a Recently Leaked bill
Over the years there has been talks of amendment on the 2007 Act of the National Information & Technology Agency (NITDA).
Why We Love Kelechi Amadi Obi
The definition of talent is Kelechi Amadi’s iconic story. Imagine a person who studies law in school, gets called to Bar, and leaves it all for something different and unrelated…Painting!