Maina Hid ₦3bn ‘Illegitimate’ Income – EFCC

The Economic and Financial Crimes Commission (EFCC), has revealed that Abdulrasheed Maina, former chairman of the defunct Pension Reform Task Force Team, concealed about ₦3 billion illicit fund.

Ekohotblog reports that Rouqayyah Ibrahim, a witness and investigative officer of the antigraft agency, made the revelation when he testified and presented evidence against the embattled former pension boss in court on Tuesday.

Led in evidence by Farouk Abdullah, prosecution counsel, Ibrahim said the commission carried out a clandestine income analysis to ascertain if  Maina and companies associated with him had hidden incomes that were not accounted for.

Ibrahim said the commission used Maina’s payslips as a civil servant to determine his worth and real source of his income.

“We asked him to fill an asset declaration form of the EFCC which revealed his assets and liabilities,” she said.

“Being a civil servant, we also relied on his payslips to determine the genuine source of his income”

She disclosed that the commission, in its bid to verify the legality of the companies linked to Maina and what they are into, wrote to two federal agencies, one in charge of company registration and the other deals with taxes and revenue generation.

“Regarding all the companies linked to him, we wrote to the Corporate Affairs Commission (CAC) and the Federal Inland Revenue Service (FIRS) to be able to establish if at all the companies were involved in any business.

“Our finding revealed that those companies were not involved in any business.”

The witness said FIRS revealed that no taxes were paid by the companies and no statement of affairs was filed at the CAC.

She averred that Maina’s income as a civil servant even if left untouched for the duration of his years in service will still be nowhere near the concealed iillicit income linked to him.

“Regarding his known income, we discovered that his last payment which was paid in February 2013 was N256,000,” Ibrahim said.

“Getting N256,000 per month for 35 years as a civil servant without spending a single kobo, he would have received over N105 million.

Also Read:Federal High Court Denies Maina’s Request For Bail

“We compared that with our concealed income and net worth analysis and discovered that he has about N3 billion of unknown income from illegitimate source.”

She also told the court that funds were being wired to the defendant even while he had fled the country to Dubai