N2.1bn Fraud: Abdulrasheed Maina’s 8 Years Jail Term Upheld By Appeal Court
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The Court of Appeal sitting in Abuja has upheld the eight-year jail term imposed on Abdulrasheed Maina, former Chairman of the Pension Reform Task Team (PRTT).
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Maina was prosecuted by the Economic and Financial Crimes Commission for money laundering to the tune of N2.1 billion.
Recall on November 8, 2021, Justice Abang, found Maina guilty of money laundering, where he concealed his true identity as a signatory to accounts opened in two banks.
The accounts are: UBA and Fidelity Bank, and using the identity of his family members without their knowledge had laundered some money.
The accounts had cash deposits of N300 Million, N500 Million, and N1.5billion
However, in a unanimous judgment delivered on Friday, a three-member panel of the court affirmed the November 8, 2021 judgment earlier delivered by Justice Okon Abang of the Federal High Court, Abuja where he was convicted and sentenced.
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