Money Laundering: Maina’s Son, Faisal, Bags 14 Years Jail Term

The Abuja division of the Federal High Court has convicted and sentenced the son of Abdulrasheed Maina, former chairman of the defunct Pension Reform Task Force Team, Faisal, to 14 years imprisonment.

While the court sentenced the Defendant to five years on count 1 and 2 of the charges, he was sentenced to 14 years on count 2 of the charges.

The court held that it found him guilty on all the three-counts of money laundering offences and said the sentence would run concurrently, starting from yesterday.

Consequently, 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 Centre, to serve his jail term immediately.

He further held that in the event that the defendant is 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.”

Justice Abang also 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.

The judge further held that the prosecution agency (EFCC) successfully established that Faisal operated a fictitious bank account with the United Bank for Africa (UBA), through which his father, Maina, laundered N58.1 million.

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fund, which was deposited into the account that was operated in the name of Alhaji Faisal Farm 2,  was sequentially withdrawn by the defendant and his father, between October 2013 and June 2019.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 the defendant reasonably ought to have known that inflows into the bank account formed proceeds of an unlawful act of corruption by his father.

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24, 2020, issued a bench warrant for security agencies, to arrest Faisal wherever he is found, shortly after his bail was revoked.

EFCC closed its case against him after it called three witnesses that testified in the matter.

It alleged that Maina’s son had, sometime between 2013 and 2019, received N58.11 million, being proceeds of a corrupt act by his father.

He was also accused of failing to properly declare his assets before the EFCC.

Faisal had reportedly pulled a gun to challenge operatives of the Department of State Service (DSS) who arrested his father at a hotel in Abuja, on September 30, 2019.

The EFCC had earlier told the court that it got intelligence report that Faisal had escaped to the United States of America.


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