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First with the News

Alleged N2bn Fraud: Court Revokes Maina’s Bail, Orders His Arrest

The former pension boss has failed to appear in court for the continuation of his trial on money laundering.

November 18, 2020
in Legal, Top Stories
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Maina Returns to Nigeria, Set to Resume Trial

Embattled former pension boss, Abdulrasheed Maina.

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A federal high court sitting in Abuja has revoked the bail of the former Chairman of the defunct Pension Reformed Task Team (PRTT), Abdulrasheed Maina, over his failure to appear in court for his alleged N2 billion money laundering trial.

The revocation was made by Justice Okon Abang pursuant to an application by the prosecution counsel, Mr Mohamed Abubakar who told the court that the former pension boss had jumped bail.

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Justice Abang accordingly ordered security agencies to arrest Maina wherever he may be found.

It would be recalled that Maina was granted bail by Justice Abang on October 25, 2019 in the sum of N500 million with a surety in the like sum who must be a serving senator.

Maina who pleads not guilty to the charges is being persecuted alongside his son Faisal as well as a firm Common Input Property and Investment Ltd by the Economic and Financial Crimes Commission (EFCC) on a 12-count criminal charge bordering on alleged money laundering to the tune of N2 billion.

Maina’s surety, Senator Ali Ndume is expected to appear in court on November 23 to explain why he should not forfeit the bail bond he signed in respect of Maina’s bail.

Ndume had told the court that all efforts to know the whereabouts of Maina failed, adding that he had sent people to far away Niger Republic and also met Maina’s mother and other relatives but none seems to know his whereabouts.

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