First Bank

Monday, November 8, 2021

Court sentences Maina to 61 years imprisonment for N2billlion pension fraud charges

A federal high court in Abuja has convicted Abdulrasheed Maina, former chairman of the Pension Reform Task Team (PRTT), on charges of money laundering.

Maina was sentenced to 61 years imprisonment but to run concurrently for eight years.

In 2019, Maina was arraigned by the Economic and Financial Crimes Commission (EFCC) — but he pleaded not guilty to a 12-count charge of money laundering to the tune of N2 billion.

Delivering the judgment on Monday, Okon Abang, trial judge, held that Maina stole over N2 billion belonging to pensioners, “most of whom have died without reaping the fruits of their labour”.


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