Justice Okon Abang of a Federal High Court in Abuja has given more details on how a former chairman of now-defunct Pension Reforms Task Team, Abdulrasheed Maina, stole monies from the fund.
Delivering the judgement, Justice Abang found him guilty of concealing his true identity as signatory to accounts opened in UBA and Fidelity Bank by using the identity of his family members without their knowledge.
According to the judge, the accounts have cash deposits of N300 million, N500 million and N1.5 billion
He thus found him guilty and sent him to 61 years’ imprisonment that will, however, run concurrently for eight years.
The court found him guilty of inducing staff of Fidelity Bank to open bank accounts for him without conducting due diligence and money laundering.
Delivering judgement in the Federal High Court, Abuja, on Monday, the judge held that Maina stole monies meant for pensioners as he could not prove where he got same from.
The court further held that the prosecution (the Economic and Financial Crimes Commission), produced essential evidence through witnesses called, to prove beyond reasonable doubt that Maina was also guilty of money laundering in sum of N171,099,000.
