The Court of Appeal, Abuja, on Thursday, upheld the conviction of Faisal Maina, the former chairman of the defunct Pension Reform Taskforce Team, for conspiracy and money laundering.
Maina who is serving an eight year jail term in Kuje prison in Abuja for pension fraud to the tune of N2billion had his initial sentence reduced from fourteen to seven years
Reports say that the federal high court in Abuja had convicted Faisal Maina to fourteen years in prison after finding him guilty of all three count charges of money laundering involving over N58 million of public funds
Leading a three-member panel of the appellate court on Thursday, Justice Ugochukwu Ogakwu, affirmed his conviction by Justice Abang.
The court, however, reduced his jail term from 14 to seven years, adding that he is a first-time offender.
“But as a first-time offender, the trial court ought not to have handed the convict the maximum punishment under the law”, Ogakwu added.