The former Chairman of Pension Reforms Task Team, Alhaji Abdulrasheed Maina has been sentenced to 61 years imprisonment for fraud and money laundering.
He was sentenced by a Federal High Court presided by the trial judge, Justice Okon Abang on Monday.
Maina’s 61 years is to run concurrently at 8 years.
The court had found him guilty of inducing staff of Fidelity Bank to open bank accounts for him without conducting due diligence and money laundering.
The trial judge also found him guilty of concealing his true identity as signatory to accounts opened in UBA and Fidelity Bank by using the identity of his family members without their knowledge, an accounts that have cash deposits of N300 million, N500 million and N1.5 billion respectively.
The Judge further submitted that the the erstwhile Pension boss stole the money.
Justice Abang also held that through Maina’s service as a civil servant, his salary and emoluments would not amount to the monies in these accounts.
