Investigate Fidelity Bank, UBA’s involvement in Maina’s money laundering offence, group tells EFCC

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.
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

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.”

Lagos
Police nab 147 suspected criminals in Lagos
The operatives targeted criminal hideouts across the state on Sunday, July 19, 2026.

Heading 1
Tinubu names Fayose, 25 others in new appointments
All the appointments take immediate effect.

Heading 4
Names, countries of drug dealers, fraudsters Trump admin wants to revoke their U.S. citizenship
According to the DoJ, the complaints were filed over the last 30 days.

Anti-Corruption
Gbajabiamila back to office after ICPC grilled him over N400 million PFIPC bribery: Lawyer
Mr Adeyemi was arrested shortly after the Abuja Division of the Federal High Court last Tuesday issued a warrant for his arrest.

Heading 2
Kano begins second round of maternal, neonatal tetanus elimination campaign
He said the teams vaccinated 1,339,871 women out of the 1,388,396 targeted.

Abuja
FRSC launches operation ‘Sauka Lafiya’ to curb road crashes in FCT, Niger
FRSC deployed 3,339 personnel, 69 patrol vehicles, 18 ambulances, four tow trucks and 24 motorcycles.





