The Economic and Financial Crimes Commission (EFCC) has been asked to investigate the involvement of the United Bank for Africa and Fidelity Bank in connection with the money laundering case of former pension boss Abdulrasheed Maina.

In a letter to the EFCC, the Centre for Anti-corruption and Open Leadership (CACOL), said the two banks were culpable for aiding Mr Maina’s fraudulent conduct.

They further asked the anti-graft agency to “possibly prosecute” the banks if found guilty.

CACOL also called for sanctions, which includes the withdrawal of the banks operating licenses, and the punishment and prosecution of offending bank officials.

According to CACOL, UBA and Fidelity were used by Mr Maina as a “conduit” to defraud pensioners, therefore, they ought to have been charged alongside Mr Maina.

Mr Miana was recently sentenced to sixty-eight years imprisonment for a series of offences oscillating around money laundering.

In delivering the sentence which will run concurrently for eight years, Justice Okon Abang said the convict colluded with the banks to deprive retirees of their pension.