N2b Pension Fraud: EFCC Seals Maina’s Abuja Mansion

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N2b Pension Fraud: EFCC Seals Maina’s Abuja Mansion


Officials of the Economic and Financial Crimes Commission (EFCC) on Monday sealed the palatial mansion of former Chariman of the defunct Presidential Task Force on Pension Reforms, Mr Abdulrasheed Maina.

A source in the anti-graft agency revealed that the mansion was acquired in 2012 while he was in office for a whooping N719m cash at a time N2b was misappropriated by the Pension Reform board.

It will be recalled that Maina was reportedly arraigned after his Board was petitioned in Court for misappropriating the Pension funds, but was later relieved on all charges and was also fined a sum of N750,000.

BlackBox Nigeria gathered from the EFCC source that the house was sealed off after the agency linked the purchase of the property to the time he was in office as findings also revealed the house was bought with cash payment in a day.

“Our findings confirmed that he paid $2 million for the house in cash in one day when he was the chairman of the Pension Reform Task Team.

“Investigation showed that the house was sold to him in June 2012 by one Adamu Modibbo. It is located at 10, Amisi Musa Street, Jabi Lake Area. The house was bought at the time he was in charge of pension reform,” the source said.

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