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The EFCC discovered a $2 million property in Abuja, 50 cars, and six other valuables from Maina

Abdulrasheed Maina, the former chairman of the now-defunct Pension Reform Task Team, was found guilty by the Economic and Financial Crimes Commission (EFCC) on Monday (PRTT),

Following a N2.1 billion pension swindle, a Federal High Court in Abuja condemned Maina to eight years in prison.

The EFCC had arraigned Maina earlier this year, but he pleaded not guilty to a 12-count money laundering charge. Justice Okon Abang, on the other hand, ruled the accused guilty.
Following the conviction, the anti-graft agency investigated the ex-pensions boss’s misdeeds in depth.

The following is a list of properties and large funds discovered during the investigation, according to a statement released by the Commission.

  • Property worth $1.4 million in Jabi, Abuja (paid in cash).
  • An opulent home in Dubai
  • Northrich Company, Maina’s company, had about 50 automobiles.
  • Colster Logistics, a subsidiary of Maina, received almost $400,000 in cash deposits.
  • During the time Maina was chairman of PRTT, almost N500 million was discovered in Kangolo Dynamic’s account. (The company has never provided any service or fulfilled any contract.)
  • In Jabi, Abuja, there is a property worth $2 million.
  • Maina has cash deposits of N300 million, N500 million, and N1.5 billion in two accounts.


The court ordered Maina and his company, Common Input Property and Investment Limited, to restitute roughly N2.1 billion after determining his sentence.

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