MAINA : Prosecution Witness Alledges His Companies Didn’t Engage In Any Business

09 December 2020 By Victoria Abah

An Economic and Financial Crimes Commission, EFCC prosecution witness says the former Chairman of the defunct Pension Reformed Task Team, Abdulrasheed Maina, operated briefcase companies with N3bn turnover without engaging in any business.

The ninth prosecution witness, Ruqayya Ibrahim, who is an investigator with the EFCC, said her team conducted “a concealed income analysis of the defendant.”

She said the investigation showed that Maina’s company accounts had N3bn turnover when he could not have been able to legitimately save more than N109m if he had saved his salary of N256,000 continuously for 35 years without spending a dime from it.

According to the detective, findings revealed that the companies were mere briefcase companies and were not involved in any business, let alone a legitimate one

The witness said the EFCC also found that the defendant also bought two houses in Abuja at the cost of $3.4 million, one of which is in Jabi.

She added that EFCC discovered that Maina’s net worth ran contrary to his declared assets.

Earlier, Mr Maina’s new counsel, Anayo Adibe, asked the court for an adjournment of the case for more time to study the case.

However, Justice Okon Abang refused the request after it was opposed by the EFCC counsel, Mr. Faruk Abdullah, noting that Mr Maina had been offered adequate opportunity and time for his defence.

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