8 Properties to Be Forfeited by Abdulrasheed Maina following Conviction

It is no longer News that A federal high court in Abuja convicted Abdulrasheed Maina, former chairman of the Pension Reform Task Team (PRTT), on charges of money laundering.

On Monday, trial judge Okon Abang ruled that Maina stole over N2 billion from retirees, “the majority of whom have perished without reaping the fruits of their labor.”

The former PRTT chairman was found guilty of disguising his genuine identity as a signatory to accounts opened in two banks – UBA and Fidelity – by using the identities of his family members without their knowledge, according to the judge.

See also Maina Receives 8 years for money Laundering

Luxury assets such as luxury mansions, bulletproof jeeps, and BMW automobiles, as well as N3 billion stolen by Abdulrasheed Maina, former Chairman of the disbanded Presidential Task Force on Pension Reforms, have been ordered forfeited to the federal government.

The order came after he was sentenced to 61 years in jail by a federal high court in Abuja today.

Maina was found guilty of money laundering for encouraging Fidelity Bank employees to open bank accounts for him without undertaking the necessary due diligence.The sentence, however, will run consecutively, resulting in his serving only 8 years in prison.

Justice Abang Okon, who convicted him, ruled that his prison term was to begin in 2019 when he was remanded in detention.

In addition, the Judge ruled that over N3 billion in cash in his various bank accounts be forfeited to the federal government, as well as his three cosh houses in Abuja.

Maina will also have to give up all of his bulletproof jeeps and BMW automobiles, among other things.

See also Court Sentences Maina’s son, Faisal, to 14 years Imprisonment

The court ruled that Maina stole money intended for pensioners since he couldn’t prove where he acquired it.

Justice Abang further ruled that Maina’s pay and emoluments as a civil servant could not have amounted to the sums in these accounts.

See also Nnamdi Kanu Trial; Lawyers Denied Access to Court(Video).

Full List of Items to be Forfeited by Abdulrasheed Maina.

According to an online News Media,( Tori), the following items are to be Forfeited by Maina;

1. Cash deposits of N300million, N500million and N1.5billion in Two Nigerian Banks accounts.

2. Property in Abuja paid for with $1.4 million Cash.

3. 50 cars in Dubai.

4. Plush Villa in Dubai.

5. $2 million property in Jabi, Abuja.

6. Colster Logistics, belonging to Maina received inflow of $400,000 in Cash.

7. Kangolo Dynamic, another company belonging to Maina with over N500 million found in its account. The company has never carried out any service or contract.

8. Several Choice Properties in America and the United Arab Emirates.