Newsonline reports that the Federal High Court sitting in Abuja, on Monday, convicted and sentenced the former Chairman of the defunct Pension Reform Task Team, PRTT, Mr. Abdulrasheed Maina, to eight years in prison for money laundering.
The court, Newsonline Nigeria reports in a judgement that was delivered by Justice Okon Abang, found Maina guilty on all the 12-count charge the Economic and Financial Crimes Commission, EFCC, preferred against him and his company, Common Input Property and Investment Limited.
This online newspaper understands that Justice Abang held that the anti-graft agency successfully established the essential ingredients of the offences contained in the charge, beyond a reasonable doubt.
He held that the sentence would run concurrently, with effect from October 25, 2019.
The court ordered Maina and his firm to restitute about N2.1billion that was traced to their bank accounts, to the Federal Government, after which it ordered that the company should be wound up.
Besides, it ordered the forfeiture of Maina’s two choice properties at Lifecamp and Jabi districts of Abuja, to the government, as well as the auction of a bulletproof car and a BMW 5 series car that was found in premises of the convict.
Justice Abang stressed that though the law made provision for a maximum sentence of 14 years, he said he was moved by Maina’s plea for mercy.
Akpabio has stated that President Tinubu is working to undo the damages caused by Emefiele's…
Atiku has faulted President Tinubu's son's ties to a Lebanese firm awarded a coastal highway…
FG has ordered the new system operator to limit the power supply to Benin, Niger…
NNPP has dragged Rabiu Musa Kwankwaso and 13 others to EFCC for allegedly stealing party…
Lagos State Commissioner has claimed that 80% of Lekki buildings have no approval from the…
NECO has gone digital to ensure a transparent recruitment process and checkmate all sharp processes.…
