By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: I opened several bank accounts for Maina — Witness testifies in Court
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

I opened several bank accounts for Maina — Witness testifies in Court

Agency Report with Okay.ng
By Agency Report with Okay.ng
Published: October 31, 2019
Share
3 Min Read
Abdulrasheed Maina
Abdulrasheed Maina
SHARE

The trial of former Pension Reform Task Team chairman, Abdulrasheed Maina, commenced on Wednesday at the Federal High Court, Abuja, before Justice Okon Abang with the first prosecution witness, Mairo Bashir of United Bank for Africa, UBA, revealing how she opened several bank accounts for the defendant.

Led in evidence by prosecution counsel, M. S. Abubakar, Mr Bashir informed the court that she is the business manager of United Bank for Africa (UBA) and oversees the affairs of the Business Section of the bank, including sales, operations, generation of deposits, giving of loans to individuals and corporate bodies.

She revealed that sometime in 2011, she solicited for fund from the defendant while he was the chairman of Pension Reforms Task Team and that Mr Maina made a deposit of N3 billion in the UBA which she said, was later transferred to the Treasury Single Account, TSA with CBN around 2012.

To further grow the bank’s deposit base, the witness said she approached Mr Maina for more deposits, prompting the defendant to open 12 accounts for himself and his immediate family members, which included two accounts for the defendant-one in Naira and another in United State Dollars. Also two accounts for the defendant’s wife and accounts for his daughters: Fauzial Abdlrasheed Maina, Fareeda Abdlrasheed Maina and Fadeela Abdlrasheed Maina.

- Advertisement -

Tesifying further, the witness told the court that she also opened accounts for the defendant’s companies which include: Faizal Farm (i), Faizal Farm (ii) and Common Input Investment Property Ltd, which were also in Naira and Dollar denominations, adding that the defendant was signatory to those companies’ accounts.

The prosecution tendered the account opening packages, and they were admitted in evidence, marked as exhibits A1-30.

Meanwhile, Mr Maina has sacked the team of his defence lawyers, which he presented upon his arraignment, last week, replacing it with a new team, led by Joe-kyari Gadzama, SAN.

Mr Gadzama informed the court that he was not ready to proceed with trial, having only been briefed the night before by Mr Maina’s previous legal team, adding that he was meeting Mr Maina, for the first time in court.

- Advertisement -

Mr Gadzama pleaded with the court for time to enable him go through the files and get a proper handover from the previous defence team.

He sought for an adjournment, which the prosecution counsel opposed on the ground that it was frivolous.

With Justice Abang, ruling in favour of the prosecution, the court proceeded with the matter, resulting in the evidence of prosecution witness.

The matter was adjourned to November 4, 5, 6 and 7 for continuation of trial.

Mr Maina is being prosecuted on a 12-count charge that borders on money laundering, fraud and operating fictitious bank accounts.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Maina
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
Previous Article Aliyu Aminu Aliyu Aminu: 26-year-old founder from Zaria develops a social networking platform
Next Article IN SAUDI ARABIA: Buhari holds talks with U.S. over infrastructure financing

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Rate

Okay.ng Logo
We Buy ₦1,560.00
We Sell ₦1,570.00

Updated: 1 day ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Aminu Dantata to be Buried in Madinah After Saudi Approval
News
VIDEO: NDLEA Issues Strong Advisory to Travellers Against Carrying Unknown Bags
Crime Video
SERAP Demands Transparency from Nigeria’s Governors on Security Vote Spending
News
Security Situation Improving, CDS Urges Continued Support from Nigerians
News Security
David Mark to Lead Anti-Tinubu Coalition Under African Democratic Congress Platform
Politics Top stories
- Advertisement -
Ad imageAd image

You May Also Like

InternationalNews

FG to Plant 20 Billion Trees Next Rainy Season in National Reforestation Drive, Says VP Shettima

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 28, 2025
NewsTop stories

Federal Government to Overhaul Civil Servants’ Healthcare Policy Amid Rising Concerns

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 28, 2025
Sport

Paul Pogba Joins AS Monaco on Free Transfer After Doping Ban

Yusuf Abubakar
Yusuf Abubakar
June 28, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?