The Federal High Court sitting in Abuja, has convicted the former Chairman of the defunct Pension Reform Task Team, PRTT, Mr Abdulrasheed Maina, for money laundering.
Delivering judgement, Justice Okon Abang, found Maina guilty on all the 12-count charges leveled against him and sentence him to eight years in prison.
The Economic and Financial Crimes Commission, EFCC, preferred the charges against him and his company, Common Input Property and Investment Limited.
Justice Abang held that the anti-graft agency successfully established the essential ingredients of the offences contained in the charge, beyond a reasonable doubt.
He held that the sentence would run concurrently, with effect from October 25, 2019.
The court ordered Maina and his firm to restitute about N2.1billion that was traced to their bank accounts, to the Federal Government, after which it ordered that the company should be wound up.
Besides, it ordered the forfeiture of Maina’s two choice properties at Life camp and Jabi districts of Abuja, to the government, as well as the auction of a bulletproof car and a BMW 5 series car that was found on the premises of the convict.