Money Laundering: Appeal Court Upholds Conviction Of Maina

The Abuja Division of the Court of Appeal has upheld the conviction and eight-year sentence imposed on the former chairman of the Pension Reform Task Team, Abdulrasheed Maina, for laundering about N2.1 billion.

Delivering the ruling, a three-member panel unanimously affirmed the judgement read by Justice Okon Abang of the Federal High Court, Abuja, convicting and sentencing him on November 8, 2021.

In the lead judgement, Justice Elfreda Williams-Daudu affirmed the various interlocutory rulings delivered in the course of the trial at the Federal High Court which Maina appealed against.

The judge, who resolved the two issues identified for determination against Maina, held that the appellant was not denied fair hearing by the trial court and that the prosecution proved its case beyond reasonable doubt.

In November 2021, Maina was convicted after he was found guilty of money laundering.

Delivering judgement, Justice Okon Abang of the Abuja High Court had held that the prosecutor, the Economic and Financial Crimes Commission (EFCC), had produced essential evidence through witnesses to prove beyond reasonable doubt that Maina was guilty of money laundering in the sum of N171,099,000.

Maina was also found guilty of concealing his true identity as a signatory to accounts opened in two banks – UBA and Fidelity Bank – by using the identities of his family members without their knowledge.

These accounts had cash deposits of N300m, N500m and N1.5bn.