N2 Billion Money Laundering Case: Court sentences Faisal Maina to seven years’ imprisonment

The Federal High Court, Abuja Division, has ordered that Faisal Maina, son of the ex-convict, Abdulrasheed Maina, be committed to a correctional centre to serve a seven-year jail term following his re-arrest.
Justice James Omotosho gave the order after the Economic and Financial Crimes Commission filed an ex parte motion which was moved by its lawyer, M.K. Hussain.
Mr Abdulrasheed was the former chairman of the defunct Pension Reform Task Force Team. He was also convicted on a N2 billion money laundering charge and has since served his prison term.
The State Security Service re-arrested Mr Faisal on October 14 and handed him over to the EFCC after he jumped bail and failed to attend his trial about six years ago.
He was arraigned in 2019 before the Abuja Division of the Federal High Court on three counts of money laundering and failure to make full disclosure in an asset declaration form.
After Mr Faisal took his plea on the charges preferred against him before Justice Okon Abang, the defendant jumped bail and avoided trial, prompting Mr Abang to proceed in his absence.
The judge delivered judgement on October 7, 2021, and convicted him and sentenced him to five years’ imprisonment on counts one and three, and 14 years on count two.
Mr Abang ordered that all the counts run concurrently and that Mr Faisal be arrested wherever he is found and taken to a correctional centre to serve his jail term.
After his re-arrest, the EFCC filed an ex parte motion seeking leave to apply for an order enforcing Mr Abang’s judgment against Mr Faisal, delivered on October 7, 2021.
It sought an order issuing a warrant to commit the convict to prison to enable him to serve the jail sentence imposed on him by Mr Abang, pursuant to the judgment delivered on October 7, 2021 and the Court of Appeal judgement of November 24, 2022.
It also sought an order directing that the defendant/convict serve the jail terms as ordered against him from October 14, 2026, the day he was rearrested.
After Mr Hussain moved the motion, the judge granted it. The judge, who granted leave for the EFCC to apply for the order enforcing the judgement, issued a warrant to commit Mr Faisal to prison to enable him to serve the jail sentence imposed on him by the Federal High Court and Appeal Court judgments, beginning on October 14, when he was re-arrested.
The judge said that, in accordance with the Appeal Court’s decision dated November 24, 2022, the sentence will be three years’ imprisonment in count one, seven years in count two, and three years’ jail term in count three, respectively, which shall run concurrently from October 14, being the date he was re-arrested.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Africa
Ghana police link GH¢20 million counterfeit fabric haul to Nigeria, nab suspects
The Ghana Police Service alleged the seized fabrics originated from Nigeria.

Anti-Corruption
N2 Billion Money Laundering Case: Court sentences Faisal Maina to seven years’ imprisonment
After his re-arrest, the EFCC filed an ex parte motion seeking leave to apply for an order enforcing Mr Abang’s judgment against Mr Faisal, delivered on October 7, 2021.

Abuja
Nigeria urges stronger Commonwealth cooperation on security, trade
Nigeria called for stronger cooperation among Commonwealth countries on peace and security, trade, climate resilience, democratic governance and youth empowerment.

Economy
Fuel subsidy removal will become Tinubu’s greatest legacy, says ex-PDP chairman
A former state chairman of the Peoples Democratic Party in Cross River, Venatius Ikem, says subsidy removal by President Bola Tinubu will soon become his greatest legacy.

Economy
Elon Musk offers to hire Jensen Huang if Nvidia fires him as CEO
Elon Musk has offered to hire Nvidia CEO Jensen Huang if he is sacked by the chip company he helped build.

Diaspora
£20,000 reward for information on murder of Bile-Aka Amoa in Clapham
Detectives investigating a murder in Clapham have announced a £20,000 reward for information that leads to the identification, arrest and prosecution of the killers.





