EXTRA: $2m Property In Abuja, 50 Cars, Six Other Possessions EFCC Uncovered From Maina

Soonest Nathaniel  
Updated November 9, 2021
FILE PHOTO: Abdulrasheed Maina exit an airplane after he was extradited to Nigeria following his arrest in the Niger Republic.


The Economic and Financial Crimes Commission (EFCC) on Monday secured the conviction of Abdulrasheed Maina, former chairman of the now-defunct Pension Reform Task Team (PRTT),

A Federal High Court in Abuja sentenced Maina, to eight years imprisonment following a N2.1billion pension scam.

Earlier in 2019, Maina was arraigned by the EFCC, but he pleaded not guilty to a 12-count charge of money laundering. However, Justice Okon Abang found the accused guilty.

Following the conviction, the antigraft agency gave a close view into the crimes committed by the ex-pensions boss.

According to a statement put out by the Commission, below is a list of properties and large sums uncovered while investigating Maina.

  1. Property in Jabi, Abuja worth $1.4 million (paid in cash).

  2. Luxurious mansion in Dubai

  3. Maina’s company – Northrich Company owned over 50 cars.

  4. Colster Logistics, belonging to Maina received an inflow of over $400,000 from cash deposits.

  5. Over N500 million was discovered in the account of Kangolo Dynamic, within the years Maina was chairman of PRTT. (The company has never carried out any service or contract).

  6. Property worth $2 million in Jabi, Abuja.

  7. Two accounts belonging to Maina hold cash deposits of N300 million, N500 million, and N1.5 billion.

  8. Properties in the United Arab Emirates and the United States.

Having established his sentencing, the court ordered Maina and his firm – Common Input Property and Investment Limited to restitute about N2.1billion that was traced to their bank accounts, to the Federal Government, after which it ordered that the company should be wound up.