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唐朱昌
唐朱昌
教授,博士生导师。复旦大学中国反洗钱研究中心首任主任,复旦大学俄...
严立新
严立新
复旦大学经济学院、金融研究院副教授,中国反洗钱研究中心执行主...
陈浩然
陈浩然
复旦大学法学院教授、博士生导师;复旦大学国际刑法研究中心主任。...
何 萍
何 萍
华东政法大学刑法学教授,复旦大学中国反洗钱研究中心特聘研究员,荷...
李小杰
李小杰
安永金融服务风险管理、咨询总监,曾任蚂蚁金服反洗钱总监,复旦大学...
周锦贤
周锦贤
周锦贤先生,香港人,广州暨南大学法律学士,复旦大学中国反洗钱研究中...
童文俊
童文俊
高级经济师,复旦大学金融学博士,复旦大学经济学博士后。现供职于中...
汤 俊
汤 俊
武汉中南财经政法大学信息安全学院教授。长期专注于反洗钱/反恐...
李 刚
李 刚
生辰:1977.7.26 籍贯:辽宁抚顺 民族:汉 党派:九三学社 职称:教授 研究...
祝亚雄
祝亚雄
祝亚雄,1974年生,浙江衢州人。浙江师范大学经济与管理学院副教授,博...
高增安
高增安
复旦大学中国反洗钱研究中心特聘研究员,专事反洗钱与贸易领域的研...
顾卿华
顾卿华
复旦大学中国反洗钱研究中心特聘研究员;现任安永管理咨询服务合伙...
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上传时间: 2022-11-26      浏览次数:349次
Money laundering: A-Court affirms conviction of Maina’s son

 

https://www.vanguardngr.com/2022/11/money-laundering-a-court-affirms-conviction-of-mainas-son/

 

The Abuja Division of the Court of Appeal yesterday upheld the conviction of Faisal, son of the jailed former Chairman of the defunct Pension Reform Taskforce Team, PRTT, Abdulrasheed Maina.

 

Faisal, who is 22 years old, was on October 7, 2021, convicted and sentenced to 14 years in prison by the Federal High Court in Abuja.

 

The court, in the judgement that was delivered by trial Justice Okon Abang, found Faisal guilty on all three-count money laundering charge the Economic and Financial Crimes Commission, EFCC, preferred against him.

 

The defendant, who jumped bail on June 24, 2020, and failed to appear in court for his trial, was convicted in absentia.

 

EFCC told the court that it got an intelligence that he escaped to the United States of America, USA.

 

Consequently, the trial court ordered that he should be arrested whenever he is found in the country and remanded in any prison to serve his jail term.

 

It held that the Federal Government should upon confirming that he ran outside the country, “legally or lawfully commence extradition process to bring him into the country to serve the jail term”.

 

However, dissatisfied with the judgement, lawyers to the defendant went to the appellate court to set it aside.

 

They argued that the appellant was denied fair hearing by the trial court.

 

Delivering judgement in the matter on Thursday, a three-member panel of the appellate court, while upholding Faisal’s conviction, however described the 14 years jail term that was handed to him by the trial court as “excessive”.

 

It noted that the appellant, being a first time offender, should not have been slammed with the maximum punishment prescribed by the law.

 

Consequently, the appellate court, in its lead judgement that was delivered by Justice Ugochukwu Ogakwu, reduced Faisal’s term of imprisonment to seven years.

 

The trial court had in its verdict, held that the EFCC, successfully established that Faisal operated a fictitious bank account with the United Bank for Africa, UBA, through which his father, Maina, laundered the sum of N58.11million.

 

The court noted that the said fund which was deposited into the account that was operated in the name of Alhaji Faisal Farm 2,  was sequentially withdrawn by the Defendant and his father, between October 2013 and June 2019.

 

Justice Abang said he was satisfied that the EFCC proved all the essential ingredients of the charge, stressing that the Defendant reasonably ought to have known that inflows into the bank account formed proceeds of an unlawful act of corruption by his father.

 

While the court sentenced the Defendant to 5 years in count 1 and 3 of the charge, he was sentenced to 14 years on count 2 of the charge.

 

The court held that the sentence would run concurrently, starting from the judgement day.

 

Besides, the court ordered that the company, through which the fund was laundered, Alhaji Faisal Farm 2, be wound up, with all the funds in it, forfeited to the government.

 

The trial court had also sentenced Faisal’s father, Maina, to eight years in prison over his involvement in money laundering to the tune of about N2billion.

 

Maina had also jumped bail and was subsequently arrested in Niger Republic by the Interpol and returned back to the country for the conclusion of his trial.