Sunday, 8 November 2015

Pension Funds Theft : Court Orders Maina's Arrest

Former Chairman of the Presidential Pension Task Force Team, Abdulrasheed Maina, is now swimming deeper into troubled waters following a court order directing the EFCC to arrest and produce him in court.

Maina has disappeared from public view since he was removed from office by former President Goodluck Jonathan over allegations of corruption and mismanagement of pension funds.

The Economic and Financial Crimes Commission had recently approached an Abuja High Court for an order to arrest and arraign Maina in court to answer to charges of charges of criminal conspiracy, pension fraud and money laundering.

Justice Ahmed Usman Shuaibu of a Chief Magistrate court in Abuja issued the warrant for Maina's arrest on October 27, 2015.

Two top bankers had recently told the anti graft agency how they helped Maina to manage and launder looted funds in collaboration with some bureau de change operators.

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