On Thursday, October 7, Justice Okon Abang of the Federal High Court in Abuja convicted and sentenced Faisal Maina, the son of Abdulrasheed Maina, the former Chairman of the defunct Pension Reform Taskforce Team, to 14 years in prison for the three-count money laundering charges filed against him by the Economic and Financial Crimes Commission.
Faisal was brought before the court by the EFCC on the basis that he collected N58.11 million as a result of his father’s corruption between 2013 and 2019.
He was also accused of neglecting to declare his assets to the EFCC in a timely manner. Faisal was said to have drawn a gun to confront Department of State Service operatives.
Delivering judgment on the case filed against Faisal, the judge held that the anti-graft agency 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.
The court noted that the said fund which was deposited into the account that was operated in the name of Alhaji Faisal Farm 2, was sequentially withdrawn by the Defendant and his father, between October 2013 and June 2019. Justice Abang said he was satisfied that the EFCC proved all the essential ingredients of the charge, stressing that Defendant reasonably ought to have known that inflows into the bank account formed proceeds of an unlawful act of corruption by his father.
While the court sentenced 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 today.
The court ordered that the 21-year-old Faisal, who had since June 24, 2020, failed to appear for his trial, should be arrested anywhere he is found in Nigeria and remanded in any Correctional Service Center to serve his jail term immediately.
It further held that in the event that the Defendant traced to anywhere outside the country, the Federal Government, “shall legally or lawfully commence extradition proceeds to bring him into the country to serve the jail term”. The court ordered that the company through which the fund was laundered, Alhaji Faisal Farm 2, be wound up, with funds in it forfeited to the government.