Court fixes date for ruling on Maina’s bail variation

The Federal High Court in Abuja has fixed Thursday, January 23 for ruling on the application for the variation of bail conditions granted former Chairman, Pension Reform Task Team, Abdulrasheed Maina.

The court, presided over by Justice Okon Abang deferred the ruling on Tuesday.

Maina was granted bail on November 25, 2019, but he has remained in Kuje Correctional Centre, Abuja due to his failure to meet up with his bail conditions.  

The conditions include a bail in the sum of N1 billion, two sureties who must be serving senators not facing any criminal trial in the country and have landed property in Maitama or Asokoro in Abuja. The two sureties must be ready to deposit N500 million bond each and attend court with Maina on each adjourned date.

The former pension boss is being prosecuted by the Economic and Financial Crimes Commission (EFCC) on a 12-count charge, bordering on operating fictitious bank accounts, fraud and money laundering to the tune of over N2billion, alongside his son, Faisal, who is facing a three-count charge of money laundering, corruption and lack of full disclosure of assets.

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