The Federal High Court of Abuja, on Thursday has convicted Faisal Maina, the son of former Chairman of the Pension Reform Taskforce Team, Abdul-Rasheed Maina of money laundering.
Justice Okon Abang of the Federal High Court in his ruling sentenced Maina to 14 years imprisonment on the grounds that the Economic and Financial Crimes Commission (EFCC) proved beyond doubt that he is guilty of money laundering charges.
Recall that the EFCC through its legal counsel, Mohammed Abubakar had filed a lawsuit before the Federal Court.
The anti-graft agency, in the lawsuit said Maina’s son between the period of 2013 and 2019, received the sum of N58.11million, being proceeds of a corrupt act by his father.
He was also accused of failing to properly declare his assets before the EFCC.
Following the arguments by both parties, Justice Abang ruled that the anti-graft agency successfully established that Faisal operated a fictitious bank account with the United Bank for Africa, through which his father, Maina, laundered the sum of N58.1million.
The presiding judge sentenced Maina to 14 years imprisonment on the count 2 charge and for five years on each of counts 1 and 3. The judge also ruled that the sentences are to run concurrently.
Additionally, the court also declared Faisal wanted, on the grounds that he has been jumping bail since June 24, 2020. The Court ordered that Maina be arrested anywhere he is found and remanded in any correctional service center to serve his jail term.