8th November, 2021
Former chairman of Pension Reform Task Team, Abdulrasheed Maina, has been convicted by the Federal High Court, Abuja for stealing N2 billion belonging to pensioners.
The court found him guilty of money laundering charges. The judgement was delivered by Justice Okon Abang on Monday.
The court decried that Maina stole N2 billion meant for pensioners and that it is regretable that many of the pensioners had died because of suffering.
Maina was convicted on count 2, 6, 9, 3, 7 and 10.
Abang also 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 N300 million, N500 million, and N1.5 billion.
The court added that Maina could not prove that the money in the accounts were not stolen
It stated that through Maina’s service as a civil servant, his salary and emoluments would not amount to the money in these accounts.