NewsCrimeAgain, EFCC Declares Fmr Pension Boss, Maina Wanted Over Alleged Stolen Property

Again, EFCC Declares Fmr Pension Boss, Maina Wanted Over Alleged Stolen Property

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By Ayodele Oni 

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In a fresh notice, the Economic, Financial and Crimes Commission, (EFCC) has declared wanted former pension boss, Abdulrasheed Maina.

 

Maina was chairman of the Presidential Task Force on Pension Reforms, a government body set up to address problems surrounding the country’s pension system.

 

The former Chairman of the defunct Pension Reform Task Team, is currently wanted by the EFCC over alleged stolen properties.

 

The EFCC on September 23, 2026, published a wanted notice identifying Maina, 61, as wanted over an alleged case of “receiving stolen properties”.

 

The notice asks anyone with information about his whereabouts to contact the EFCC or the nearest police station or security agency.

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The EFCC’s notice does not state what property Maina allegedly received, its value, when the alleged offence occurred or whether the allegation is linked to the separate ₦738.6 million case.

 

Maina was in November 2021, convicted by Justice Okon Abang on all 12 counts in the money-laundering case.

 

The court imposed prison terms totalling 61 years but ordered them to run concurrently, meaning the effective sentence was eight years.

 

Maina was also ordered to refund ₦1 billion to the Federal Government, while his company was ordered to refund ₦183 million and $223,000. The Court of Appeal upheld the conviction and sentence in May 2023.

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Despite the eight-year sentence, Maina did not spend eight full years in prison.

The Nigerian Correctional Service said he was released on February 25, 2025, because his sentence was calculated from October 25, 2019, the date of his arrest, and he qualified for statutory remission based on good conduct and industry while in custody.

 

Maina’s history with the EFCC stretches across several cases: the 2015 wanted declaration, the 2019 money-laundering prosecution that resulted in his 2021 conviction, the separate ₦738.6 million case that remains pending, and now the 2026 allegation of receiving stolen property.

The Source Magazine

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