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Maina’s Son, Faisal Sentenced To 14 Years Imprisonment For Money Laundering


The son of former Chairman of the defunct Pension Reform Taskforce Team, Abdulrasheed Maina, Faisal, was convicted and sentenced to 14 years in jail by the Federal High Court in Abuja on Thursday.

Faisal was found guilty on a three-count money laundering charge brought against him by the Economic and Financial Crimes Commission, EFCC, in a judgment delivered by trial Justice Okon Abang.

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It was found that Faisal ran a false bank account with the United Bank for Africa, UBA, through which his father, Maina, laundered the sum of N58.1 million, according to the anti-graft agency.

The court said that between October 2013 and June 2019, Defendant and his father sequentially removed the funds that were deposited into the account managed in the name of Alhaji Faisal Farm 2.

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Justice Abang stated that the EFCC had proven all of the key elements of the indictment, emphasizing that the Defendant had a reasonable expectation of knowing that inflows into the bank account were profits of his father’s illicit act of corruption.

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The court condemned the Defendant to 5 years in prison for counts 1 and 3 of the charge, but 14 years in prison for count 2.

 

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The charge will run concurrently beginning on Thursday, according to the court.

The court ordered that Faisal, who has been missing from his trial since June 24, 2020, be apprehended anyplace he is discovered in Nigeria and held in any Correctional Service Center to complete his sentence forthwith.

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The Federal Government “must legally or legitimately initiate extradition proceedings to bring him into the country to serve the jail term” if the Defendant is traced to anywhere outside the country.

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The court ruled that Alhaji Faisal Farm 2, the firm through which the monies were laundered, be wound up and the funds in it forfeited to the government.

 

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The court had issued a bench warrant for security services to arrest Faisal wherever he was found on November 24, 2020, shortly after his bail was revoked.

 

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After calling three witnesses to testify in the case, the EFCC was able to close the case against him.

 

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It was claimed that between 2013 and 2019, Maina’s son collected the sum of N58.11 million as a result of his father’s corruption.

 

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He was also accused of neglecting to declare his assets to the EFCC in a timely manner.

 

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Faisal was said to have drawn a revolver in an attempt to resist DSS operatives who had arrested his father at a hotel in Abuja on September 30, 2019.

 

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The EFCC had previously told the court that it had received intelligence reports that Faisal had fled to the United States.

 

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