Maina’s briefcase companies had N3bn turnover – EFCC witness

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An Economic and Financial Crimes Commission’s prosecution witness said on Tuesday that a former chairman of the defunct Pension Reformed Task Team, Abdulrasheed Maina, operated briefcase companies wit

h N3bn turnover in their accounts without engaging in any business.

The ninth prosecution witness, Rouqayya Ibrahim, who is an investigator with the EFCC, said her team conducted “a concealed income analysis of the defendant.” The witness said, “Regarding his known income which is his salary, we discovered that his last payment which was in February 2013 was N256,000 and part of the concealed income analysis we did was that should the defendant have earned or was paid this sum pay month, for 35 years as a civil servant without spending a single kobo of the salary he would he would have only received N109m for the 35 years without spending a single kobo and we compared that with the result of our concealed income and...

He ruled that contrary to the claim by the lawyer, Anayo Adibe, the defendant’s right to fair hearing was not under any threat.Justice Abang noted that Maina had not been appearing in court since the matter resumed on September 29, until when he was brought on December 4 after he was arrested based on the arrest warrant issued by the court.

 

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