Abdulrasheed Maina, a former Nigerian pension management officer, was sentenced to 61 years in prison by the Abuja Division of the Federal High Court on Monday after being found guilty of money laundering and racketeering.
However, Mr. Maina will serve only eight years in prison because Justice Okon Abang has ordered that the sentences run concurrently.
Abdulrasheed Maina allegedly bribed bankers at Fidelity Bank to compromise due diligence in the handling of large transactions, according to Mr. Abang.
He was found guilty of depositing up to N2.3 billion unlawfully in three installments, in violation of existing money laundering legislation.
The ruling is a big success for the EFCC’s anti-corruption unit, which has been pursuing the case for eight years.
Here is how Nigerians are reacting to the news on Twitter,
Marie Temara is a popular social media content creator and model. She is quite famous…
The Nigeria Football Federation (NFF) have appponted former player and current coach of Enyimba Football…
Ademola Lookman's rich goalscoring form this season has been intrumental to Atalanta's season so far…
Victor Osimhen was on target for Napoli as the recently-dethroned Serie A champions were held…
Cyriel Dessers is one of a handful of Nigerian strikers that has been consistent in…
Remo Stars are not giving up yet on their dream of winning the Nigeria Premier…
