TransparencIT - Corruption Cases in Nigeria

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Money laundering

Jun 7, 2026

FRN vs Abdulrasheed Abdullahi Maina (Former Chairman of Pension Reform Task Team) & 1 other

Abdulrasheed Abdullahi Maina
& 1 other

N1,822,074,690.00
Amount allegedly laundered

Case Summary
The Defendant was alleged to have taken possession of, and laundered the same sum through a fictitious bank account, with the full knowledge that the monies formed part of the proceeds of unlawful, corrupt activities.

745
Day(s) case tried in court

Case Update
The trial judge, while delivering judgment, ruled that the prosecution successfully established the essential ingredients of the offences contained in the charge, beyond reasonable doubt and convicted the first defendant on count 2, 3, 6, 7, 9 and 10 of the charge and sentenced him to eight years imprisonment. The court added that the sentence shall run from October 25, 2019. The court also ordered the defendant and his firm, Common Input Property and Investment Limited, to restitute about N2.1 billion that was traced to their bank accounts, to the Federal Government, after which it ordered that the company should be wound up.

Hon. Justice Okon E. Abang
Federal High Court, Maitama, Abuja

ACJA/ACJL Compliance - violated

Case Information

Abdulrasheed Abdullahi Maina & 1 other

Presiding Judge & Designated Court

Hon. Justice Okon E. Abang, Federal High Court, Maitama, Abuja

Nature and Number of Charges

12-count charge bordering on operating fictitious bank accounts, fraud and money laundering

Date of 1st Arraignment

Oct 25, 2019

Summary of Case

The Defendant was alleged to have taken possession of, and laundered the same sum through a fictitious bank account, with the full knowledge that the monies formed part of the proceeds of unlawful, corrupt activities.

Defendant(s) and Plea entered on Arraignment

1. Abdulrasheed Abdullahi Maina (Former Chairman of Pension Reform Task Team) – Not Guilty

2. Common Input Properties & Investment Limited (Company) – Not guilty

Defence Counsel(s)

1. Ahmed Raji (Senior Advocate of Nigeria)

Prosecuting Agency

Economic and Financial Crimes Commission

Prosecutor(s)

1. M.S. Abubakar (Lawyer)

Status of Case

Decided

Decision

Convicted

Length of Trial

745 day(s)

ACJA/ACJL Compliance

Violated

Court Decision

The trial judge, while delivering judgment, ruled that the prosecution successfully established the essential ingredients of the offences contained in the charge, beyond reasonable doubt and convicted the first defendant on count 2, 3, 6, 7, 9 and 10 of the charge and sentenced him to eight years imprisonment. The court added that the sentence shall run from October 25, 2019. The court also ordered the defendant and his firm, Common Input Property and Investment Limited, to restitute about N2.1 billion that was traced to their bank accounts, to the Federal Government, after which it ordered that the company should be wound up.