Abdulrasheed Maina was jailed on Monday
The Abuja Division of the Federal High Court on Monday sentenced a former Nigerian pension management official Abdulrasheed Maina to 61 years in jail after finding him guilty of money laundering and racketeering.
But Mr Maina will spend only eight years in prison as the sentences are stipulated to run concurrently by Justice Okon Abang.
Mr Abang said Mr Maina bribed bankers at Fidelity Bank to compromise due diligence in handling heavy transactions.
He was found guilty of illegally depositing up to N2.3 billion in three installments in violation of extant money laundering regulations.
The judgement marks a major victory for the anti-graft EFCC, whose officials have spent eight years chasing the case.
Mr Maina’s son was convicted recently on a similar set of charges. Details shortly…
YOU MAY LIKE:
- Trump’s Threat: Tinubu Meets Sultan Of Sokoto In Aso Rock For ‘Crucial’ Talks
- Rivers APC Ex-Governorship Candidate Tonye Cole Slams N40billion Suit Against FCT Minister Wike For Defamation
- Bandits Block Kaduna Community Road, Kill Resident, Abduct Several Others
- ‘Arrogant’ Sowore still wanted, says Lagos CP
- Anambra gov’ship: INEC mobilises 24,000 ad-hoc staff as Yiaga warns of low turnout
Leave a Reply