A Federal High Court sitting in Abuja, on Thursday sentenced the son of former Chairman of the defunct Pension Reform Taskforce Team, Abdulrasheed Maina, Faisal, to 14 years imprisonment.
Presiding Justice, Okon Abang, found Faisal guilty on three counts of money laundering.
The Economic and Financial Crimes Commission, EFCC successfully established that Faisal, operated a fictitious bank account with the United Bank for Africa, UBA, through which his father, Maina, laundered the sum of N58.1million.
Court documents reveal that the money which was kept in the account and operated under the name ‘Alhaji Faisal Farm 2’ was sequentially withdrawn by the Defendant and his father, between October 2013 and June 2019.
Abang expressed satisfaction with the EFCC’s case against the accused adding that Faisal should have known that inflows into the bank account formed proceeds of an unlawful act of corruption by his father.
While the court sentenced the Defendant to 5 years in count 1 and 3 of the charge, he was sentenced to 14 years on count 2 of the charge.
The court held that the charge would run concurrently, starting from Thursday.
