Headline News

N2.1bn Fraud: Court to deliver judgment in suit against Maina on Monday

Mr. Abdulrasheed Maina

A Federal High Court sitting in Abuja is expected to deliver judgment on the N2.1 billion fraud suit filed against a former chairman of the defunct Pension Reform Task Team, Mr. Abdulrasheed Maina, on Monday.

The Economic and Financial Crimes Commission (EFCC) had, in 2019, arraigned Mr. Maina alongside his firm, Common Input Property and Investment Limited before Justice Okon Abang of the Federal High Court, Abuja on a 12-count- charge bordering on money laundering to the tune of N2.1 billion.

Justice Abang, on the 8th of last month fixed Monday for judgment after a short ruling that foreclosed Mr. Maina’s right to file a final written address.

Faisal Maina, the son of Abdulrasheed Maina, was last month sentenced to 24 years imprisonment on a three-count charge bordering on money laundering.

The judge stated the prison terms; five years for count one, 14 years for count two and five years for count three, would run concurrently.

Reporting by Tanimu Salihu; Editing by Adeniyi Bakare