Money Laundering: Court of Appeal Upholds Faisal Maina’s Conviction
The Court of Appeal sitting in Abuja has upheld the conviction of Faisal Maina, son of the jailed ex-Chairman of the defunct Pension Reform Taskforce Team (PRTT), Abdulrasheed Maina, who was prosecuted by the Economic and Financial Crimes Commission, EFCC on a three count charge of conspiracy and money laundering.
The three-member panel of the appellate court, in a unanimous judgment on Thursday, November 24, 2022, ruled that Justice Okon Abang of the Federal High Court, Abuja was right to have convicted Faisal.
In a judgment on Thursday, the appellate court however reduced his term of imprisonment from 14 years to seven years on the grounds that he is first- time offender.
It was of the view that being a first-time offender, the trial court ought not to have handed the convict the maximum punishment under the law.
