Monday, August 15, 2022
  • Login
No Result
View All Result
The News Beam
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
The News Beam
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
No Result
View All Result
The News Beam
Home News Politics

Everything You Need To Know About Maina’s Pension Funds Saga

December 10, 2020
in Politics, News
Reading Time: 5 mins read
0
A A
0
Everything You Need To Know About Maina's Pension Funds Saga
Share on FacebookShare on Twitter
There was another outrage on social media today, following the news that Abdulrasheed Maina fainted during the resumed hearing of his money laundering trial at the Federal High Court in Abuja.

This is the latest development on Maina’s still-unfolding N100 billion money laundering trial saga. A saga which has long been blowing into separate directions since it began atleast 5 years ago. Presently, he is standing trial on 12 counts of alleged laundering of money.

Here’s everything you need to know about Maina and his corruption charges.

Maina
Kanyi daily

Who is Maina?

Mr. Abdulrasheed Maina is a Former Chairman of the Presidential Pension Task Scheme, established by the Goodluck Jonathan administration in 2010. Maina was made head of the reformed task force team to help fix the pension sector of the country.

Prior to this appointment, the civil servant from Biu, Borno state was a Senior Administrator in Nigeria Customs, Nigeria Immigration and Prison Pensions Office.

Maina vs EFCC

In 2013, Maina was sacked by the then president, Goodluck Jonathan for his involvement in fraudulent activities and for the mismanagement of pension funds.

There were claims by the Senate that he embezzled two billion naira ($5.6 million, 4.8 million euros) as at then. The Economic and Financial Crimes Commission, came into the picture and attempted to arrest him, however, the former pension boss, rather than submitting to the EFCC, fled abroad.

In 2015, the EFCC declared him wanted for absconding and he became a fugitive-offender.

READ ALSO: Why FIRS’s Fowler is in EFCC’s net

Reinstatement into office

In 2016, Maina managed to return to the country. He announced that the Senate had cleared him of another N195B theft and then disappeared, again, into thin air.

To the surprise of many Nigerians, despite the fact that, the civil servant was under investigation for corrupt practices, on the black-list of EFCC, and an Interpol arrest warrant was issued, he was reinstated and given double promotion by Buhari administration in September, 2017.

The confirmation came in a statement issued by the Press Secretary to the minister, Mr Ehisienmen Osaigbov. This action by the president received serious backlash from the public and it followed a number of attacks and counter attacks which ultimately made his reinstatement short-lived.

He was again relieved of his duties by President Buhari. His sack was announced in a statement by Femi Adesina, Special Adviser on Media and Publicity to the president in October 2017.

Maina, who had perfected his disappearance skill, once again went into hiding for almost a year.

Maina’s Arrest– EFCC 1-0 Maina

Mr Maina and his 20-year-old son, Faisal, were arrested by the operatives of the State Security Service (SSS) at the Pennsylvania Avenue Hotel, Utako, Abuja, on September 30, 2019.

From this point, things started taking an unfortunate turn for the ex-pension boss.

The SSS handed them over to the EFCC for investigations and prosecution. EFCC successfully gained order from the court, after filing a motion, to remand Maina for 2 weeks and temporarily forfeit 23 properties linked him.

Maina’s Arrest– EFCC 2-1 Maina

His hearing was frequently stalled by a number of factors, some of which include ill health, infact, at a point he appeared in a wheelchair for his trial at the court.

Ultimately, in November 2019, the Federal High Court, Abuja Division, granted him bail with a bond of N1 billion to attend to his health. Maina had to provide two sureties who must be serving senators with landed properties in Asokoro District of Abuja, and have N500 million.

While Maina regained his freedom, the EFCC continued investigations and discovered that he used his sister’s name to open a secret bank account (which he actually operated himself) through which funds were transferred. The commission also discovered another bank account and several properties in the name of Faisal, his son.

The beginning of the end

The EFCC gathered more evidences and witnesses against Maina this year for the trial. However, Maina persistently absented himself from trial after he was released on bail.

Maina jumped bail again for the umpteen time, went into hiding in September, and subsequently left the country.

This action made situations worse for the civil servant.

Senator Ali Ndume withdrew as his surety after spending some days in prison because he couldn’t produced Maina.

Adeola Adedipe, his lawyer also applied to quit the case and withdrew from representing him.

In December, 2020 he was re-arrested by combination of operatives of intelligence service in Niger and anti-corruption agents in Nigeria, extradited, and remanded at the Kuje Correctional Center pending the conclusion of his trial.

Nine days after his re-arrest, the ex-pension officer collapsed in court during the hearing of his case.

Tags: MainaStolen Pension Fund
ShareTweetSend
Previous Post

See Who Tops 2020 MOBO Awards

Next Post

After A Long Break, Mr. P of defunct P-Square Drops New Single

Related Posts

Bello-Koko Appointed As New NPA Boss
Business & Economy

Worsening Finances: FG, NPA struggle to recover $753m debt from 18 terminal operators

August 15, 2022
4
BudgIT berates Abia, Ondo, 10 states
News

BudgIT berates Abia, Ondo, 10 states over unpaid salaries to civil servants

August 11, 2022
42
The Bala boys and other internet fraudsters
Crime

Two siblings, 16 others busted for internet fraud

August 9, 2022
38
Inflation rate trend & projection (Financial Derivatives Company Limited)
Business & Economy

Naira depreciation: Nigeria to record highest inflation rate in 16yrs -Financial Derivatives Company

August 9, 2022
32
Nigeria’s mining sector records 25.3m tons increase in production
Business & Economy

Nigeria’s mining sector records 25.3m tons increase in production

August 8, 2022
8
CBN Headquarters, @Abuja
Business & Economy

2023 Elections: We won’t allow politicians convert naira to dollars-CBN

July 21, 2022
15
Next Post
After A Long Break, Mr. P of defunct P-Square Drops New Single

After A Long Break, Mr. P of defunct P-Square Drops New Single

Looking for Movie to see this weekend? Quam's Money is Finally Out!

Looking for Movie to see this weekend? Quam's Money is Finally Out!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

  • Trending
  • Comments
  • Latest
How to Apply for the N25 Billion Youth Investment Fund of the Federal Govt

How to Apply for the N25 Billion Youth Investment Fund of the Federal Govt

October 16, 2020
Covid-19: See List of Vaccination Centers in Lagos State

Covid-19: See List of Vaccination Centers in Lagos State

August 19, 2021
Banks suffer 11% reduction in new loans as customers resist interest rate hike

CBN reveals 9 Business Categories that recorded Increased Activity This Month

9
BREAKING ! How Hurriedly installed Application Saved Central Bank of Nigeria website from 'Anonymous' hack

BREAKING ! How Hurriedly installed Application Saved Central Bank of Nigeria website from ‘Anonymous’ hack

7
Bello-Koko Appointed As New NPA Boss

Worsening Finances: FG, NPA struggle to recover $753m debt from 18 terminal operators

August 15, 2022
Why Marriage Helps People Generate More Wealth

Why Married Men should stay away from Porn-Relationship expert

August 14, 2022

Categories

  • Agriprenuers (12)
  • Books & Arts (7)
  • Business & Economy (425)
  • Capacity Building (21)
  • CDAs (2)
  • Community Champions (1)
  • Crime (196)
  • DEVELOPMENT (74)
  • Development Agencies (109)
  • Economy (315)
  • Education (192)
  • Entertainment (405)
  • Faith (55)
  • Finance (331)
  • Global (103)
  • Guest Columnists (17)
  • Health (242)
  • Health (56)
  • Industry (149)
  • LGAs (1)
  • Lifestyle (97)
  • MGDs (10)
  • News (2,284)
  • Politics (373)
  • Projects (2)
  • Relationships (69)
  • Security (164)
  • SMEs (15)
  • SPECIALS (82)
  • Sports (311)
  • Street Money (9)
  • Tech (138)
  • Teens World (3)
  • The Entrepreneur (24)
  • Uncategorized (65)
  • Your Community (33)
  • Youthprenuers (14)
No Result
View All Result
News
Politics
Business & Economy
Sports
Entertainment
Global

Development

Health
Education
MGDs
Development Agencies

Your Community

CDAs
LGAs
Projects
Community Champions

The Entrepreneur

Street Money
SMEs
Youthprenuers
Agriprenuers
Capacity Building

Specials

Lifestyle
Relationships
Books & Arts
Faith
Teens World
Guest Columnists

Follow Us

  • About Us
  • Contact Us
  • Terms of Usage
  • Privacy Policy
  • Advert Rates
  • Newsletters
  • Resources
  • Submit a Story
No Result
View All Result
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
  • Login

© 2020 The News Beam is the highest circulated and most read newspaper in Nigeria. The online portal of The News Beam is the most visited website in the world.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Subscribe With The News Beam