JUST IN: Court convicts Maina of money laundering

The Federal High Court in Abuja has found the chairman of the defunct Pension Reform Task Team, Abdulrasheed Maina, guilty of money laundering charges.

In a judgement delivered on Monday by Okon Abang, the court affirmed that Mr Maina stole monies belonging to pensioners as he could not prove where he got them from.

 

The court held that the prosecutor, Economic, and Financial Crimes Commission has produced essential evidence through witnesses to prove beyond reasonable doubt that Maina is guilty of money laundering in the sum of N171,099,000.

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The court added that the defendant (Maina), called only one witness to his defense when he had the opportunity to call as many as he could.

 

While further delivering his judgement, Justice Okon Abang found Maina 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.

 

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

 

Justice Abang also held that through Maina’s service as a civil servant, his salary and emoluments will not amount to the monies in these accounts.

 

The court also found Maina guilty for the purchase of a property in Abuja paid in cash in the sum of $1.4million, which is above the statutory threshold of N5million and without passing through a financial institution, describing it as a criminal offense.

 

“I find the defendant (Mr Maina) guilty and convicted in count 2, 6, 9, 3, 7 and 10,” Justice Abang held.

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