Money laundering

Faisal Maina, son of the Chairman, defunct Pension Reformed Task Team (PRTT), Abdulrasheed Maina, has been sentenced to 24 years imprisonment.

Justice Okon Abang of the Federal High Court, Abuja, in his judgement, held that Faisal, who was sentenced in absentia, was guilty of all the three-count charge.

Justice Okon, who handed down a five-year-jail term for count one bordering on money laundering offence, sentenced Faisal to 14 years imprisonment on count two.

The judge, thereafter, sentenced the son of the ex-pension reformed boss to five years prison term on count three which bordered on asset declaration offence.

Okon, however, ruled that the prison terms would run concurrently.

Faisal, who is being prosecuted along his father, Maina, is standing a separate trial on a three-count charge bordering on money laundering.




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