Connect with us

Crime

Investigation Exposes US, Dubai Properties Linked To Maina’s Pension Fraud

Published

on

In 2010, as thousands of Nigerian pensioners queued endlessly for unpaid benefits, Abdulrasheed Maina, then chairman of the Presidential Task Force on Pension Reforms, was quietly acquiring luxury properties abroad.

In August of that year, Mr Maina purchased a $215,000 house in Kentucky, United States, paying cash with no mortgage, according to property records reviewed by Premium Times and its investigative partners.

That transaction marked the beginning of a string of foreign property acquisitions allegedly funded with money diverted from Nigeria’s pension system.

A cross-border investigation by Premium Times, the Organised Crime and Corruption Reporting Project (OCCRP), and the Platform to Protect Whistleblowers in Africa (PPLAAF) has revealed that between 2010 and 2013, Mr Maina acquired four properties in the United States and the United Arab Emirates worth over $1.3m.

The purchases coincided with the period Nigerian authorities later alleged that Mr Maina siphoned millions of dollars from pension funds under his control.

Property records show that:

In August 2010, Mr Maina bought a house in Frankfort, Kentucky, for $215,000 in cash.

In 2011, through VIU Investment LLC, a company he controlled, he purchased two more homes in Kentucky for a combined $415,000, again paying cash.

In June 2013, he bought a two-bedroom hotel apartment in Dubai for nearly $700,000, shortly after he was removed from office.

The Dubai property is currently registered in the name of his daughter, Farida Abdulrasheed Maina.

Timing Raises Questions

Court documents indicate that Mr Maina and his personal secretary allegedly diverted over $1m from pension funds between 2010 and 2013—a timeline that aligns closely with the property purchases.

See also  Woman arrested for smuggling drugs into Ogun prison for son on death row

According to the Economic and Financial Crimes Commission (EFCC), Mr Maina fraudulently obtained $1.8m from public funds through pension biometrics contracts shortly before buying the first US property.

Divorce Deal Transfers US Property

The investigation further revealed that Mr Maina’s ex-wife, Laila Abdulrasheed Maina, gained ownership of one of the US properties through a divorce settlement.

In 2022, a Kentucky court dissolved their 30-year marriage and awarded Laila the $215,000 Frankfort home, which Mr Maina had bought in 2010 with cash.

At the time of the divorce, Mr Maina had already been convicted of money laundering in Nigeria.

The EFCC did not attempt to seize the US properties, and their existence had not been publicly disclosed until now.

EFCC spokesperson Dele Oyewale told PREMIUM TIMES that the agency would likely investigate any foreign assets linked to illicit proceeds if provided with sufficient information.

Asset Transfers and Trusts

As corruption allegations intensified in Nigeria, Mr Maina began reshuffling ownership of his American properties.

In January 2013, he transferred the two Kentucky homes owned by VIU Investment LLC first to himself and then to the Abdulrasheed Maina Children’s Trust.

He fled Nigeria for Dubai in March 2013.

When he returned in 2017, public outrage followed revelations that he had been secretly reinstated into the civil service despite being a fugitive.

Arrest, Trial and Conviction

Mr Maina was declared wanted by the EFCC, arrested in 2019, and charged with money laundering.

In November 2021, Justice Okon Abang of the Federal High Court sentenced him to eight years’ imprisonment for laundering N2bn in pension funds.

See also  PHOTOS: Mob beat 'r@pist' to de@th, hack off his genitals and drag body through streets over 's£x attack on disabled woman'

“The convict’s salary as a civil servant was a little above N300,000 and could not have amounted to N2bn even if he saved for 35 years,” the judge held.

Mr Maina fled trial once more but was rearrested in Niger Republic and extradited to Nigeria.

His son, Faisal Maina, was also convicted in a separate money laundering case and sentenced in absentia after fleeing to the United States.

Early Release, Public Outrage

The Nigerian Correctional Service confirmed that Mr Maina was released on February 25, 2025, following statutory remission for good behaviour.

He resurfaced publicly last week after a branch of the Nigerian Bar Association (NBA) named him a patron and presented him with a “Rule of Law and Courage Award.”

The NBA national leadership swiftly disowned the award and announced disciplinary action against the branch officials involved.

Two Names, Two Jurisdictions

Following her divorce, Laila changed her name in the US to Laila Duke Williams in late 2022.

However, in Nigeria, she continues to operate under Laila Abdulrasheed Maina, incorporating two companies in 2024 using that name, according to Corporate Affairs Commission records.

Both Mr Maina and his ex-wife hold dual Nigerian and American citizenship.

In Kentucky, Laila declared herself unemployed during divorce proceedings.

Yet earlier, she had filed affidavits in Nigerian courts claiming ownership of several properties the EFCC sought to confiscate, insisting they were bought from proceeds of an African fabric export business.

The EFCC countered that no evidence supported such claims.

In 2024, all 23 Nigerian properties linked to Mr Maina—including one bought with $1.4m cash—were finally forfeited to the Federal Government.

See also  PHOTOS: NDLEA busts Illicit drug warehouse recovering over N6.7bn Opioids in Lagos

Assets Beyond Nigeria’s Reach

While Nigerian authorities recovered domestic assets, Mr Maina’s foreign properties remain beyond their reach.

Former US Justice Department official Stefan Cassella said American authorities could pursue money laundering charges against Laila if it is proven she knowingly benefited from criminal proceeds.

“If she knew the property was criminally derived, she could face charges in the US,” Cassella said, noting that the statute of limitations has not yet expired.

According to Premium Times, both Mr Maina and Laila declined to respond to multiple requests for comment.

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

TUMBLR

INSTAGRAM

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crime

Troops rout Lakurawa fighters, destroy camps in Sokoto

Published

on

Troops of Operation Fansan Yamma have neutralised several Lakurawa terrorists and destroyed their camps during a clearance operation in Waria Forest, Tangaza Local Government Area of Sokoto State.

The operation, conducted on Thursday, October 15, also led to the recovery of weapons and five motorcycles from the terrorists’ enclave.

The Media Information Officer of the Joint Task Force North West, Operation Fansan Yamma, Lt Col Aliyu Danja, disclosed this in a statement issued on Thursday.

Danja said troops of Sector 2 advanced through identified terrorist hideouts around Alela, Bilange and Kandam villages towards Waria Forest, where they made contact with the armed group.

According to him, the troops engaged the terrorists in a firefight and overpowered them with superior firepower, forcing them to abandon their positions and flee deeper into the forest.

“Troops subsequently pursued the fleeing terrorists, neutralising some of them in the process,” he said.

Danja added that further exploitation of the area destroyed the terrorists’ camps and their life-support structures, alongside the recovery of weapons and five motorcycles.

He said troops had sustained their operational presence in the area through continued clearance and domination operations aimed at denying the terrorists freedom of movement and preventing them from using the forest as a haven.

“The latest success underscores the commitment of Operation Fansan Yamma to dismantling terrorist enclaves, denying terrorist elements safe havens and restoring lasting peace and security across the Joint Operations Area,” Danja said.

He commended the troops for their courage, resilience and sustained efforts, while urging residents to provide timely and credible information about suspicious movements and activities in their communities.

See also  Woman arrested for smuggling drugs into Ogun prison for son on death row

The military did not disclose the exact number of terrorists killed or specify the types and quantities of weapons recovered during the operation.

Source: punchng.com

FOLLOW US ON:

FACEBOOK

WHATSAPP CHANNEL

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

INSTAGRAM

Continue Reading

Crime

Fintiri warns Boko Haram, ISWAP remain major threats

Published

on

Adamawa State Governor, Ahmadu Fintiri, has warned that Boko Haram and the Islamic State West Africa Province remain major security threats in the sub-region, urging security chiefs to intensify efforts to combat insurgency.

Declaring open a two-day meeting of federal and state security administrators in Yola on Thursday, Fintiri said the threats posed by the groups remained persistent, dynamic and ideological.

“While our gallant armed forces have significantly degraded their conventional capabilities, these insurgents continue to exploit vast rural terrains, asymmetric tactics and cross-border vulnerabilities to strike at soft targets.

“However, let me speak with political candour: we cannot afford the luxury of premature victory speeches. Furthermore, we must confront emerging threats that endanger our socio-economic fabric,” he said.

The governor, who was represented by his deputy, Prof. Kaletapwa Farauta, said security was not merely about weapons but also grassroots presence, social justice and inclusive governance.

“It was this conviction that drove our historic decision to create seven new emirates and chiefdoms across Adamawa State,” he said.

Fintiri added that the battleground had shifted to digital spaces, where vulnerable youths were targeted for recruitment and misinformation.

He said the security of Adamawa State was inseparable from that of Nigeria and urged the Federal Government to urgently modernise the country’s international borders.

“We need the deployment of advanced surveillance technology, drone coverage, joint border patrols and the expedited establishment of one-stop border posts to control illegal cross-border migration, arms proliferation and smuggling,” he said.

The governor also urged the Federal Government to increase funding for security agencies to enable them to intensify the fight against insecurity.

See also  PHOTOS: NDLEA busts Illicit drug warehouse recovering over N6.7bn Opioids in Lagos

“Our frontline officers, the police, the military, the Civil Defence, the DSS and Customs, are doing heroic work under difficult conditions.

“However, their operational funding, tactical equipment and welfare packages must be significantly upgraded by the Federal Government,” he said.

To defeat the insurgency, Fintiri called for genuine inter-agency cooperation and an end to rivalry among security services.

He said the operational disconnect between intelligence-gathering units and field tactical teams must be addressed.

“Victory belongs to unity, not institutional ego,” he said.

Fintiri added that hosting the meeting of the nation’s top security policy strategists reflected Adamawa’s progress in restoring peace and stability.

“For us in Adamawa State, hosting this august gathering of the nation’s top security policy strategists is not just an administrative assignment; it is a testament to our transformation.

“A few years ago, convening a gathering of this magnitude in the North-East was met with hesitation. Today, through visionary leadership, community resilience and divine grace, Adamawa stands tall as a beacon of relative peace, stability and democratic consolidation,” he said.

He challenged the security administrators to move beyond what he described as diagnostic speeches and develop an actionable, pragmatic roadmap to address security challenges in the sub-region.

He also advocated the adoption of unified digital freight and transit-tracking platforms across states and national transport corridors to eliminate illegal checkpoints, trace suspicious cargo and secure trade routes.

The governor donated 300 motorcycles and 16 security vehicles to support policing across the state’s 15 chiefdoms and 21 local government areas.

See also  Body of missing Anambra schoolboy recovered

The meeting was attended by security administrators from the 36 states and the Federal Capital Territory.

However, the National Security Adviser, Nuhu Ribadu, was absent from the meeting.

Source: punchng.com

FOLLOW US ON:

FACEBOOK

WHATSAPP CHANNEL

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

INSTAGRAM

Continue Reading

Crime

Police freed suspect, left me with N40m losses – Lagos car dealer

Published

on

A car dealer, Chima Edmund, has accused the Lagos State Police Command of releasing a man suspected of attempting to steal a 2025 Toyota Tundra pickup worth about N130m from his showroom in the Victoria Garden City area of Lekki, Lagos State.

Edmund, founder of Mayor and Sheiks Autos, said the suspect allegedly drove the vehicle away from his showroom on Monday after posing as a prospective buyer but crashed it into a canal in the Ajiran area while attempting to escape.

The Toyota Tundra before the incident. Credit: Chima Edmund

The incident went viral on Tuesday, with the dealer estimating the cost of repairing the damaged vehicle at about N40m.

Speaking exclusively with PUNCH Metro on Thursday, Edmund said the suspect arrived at the dealership around 4pm carrying a bag and asked to inspect the pickup.

He said a junior staff member attended to the man, who requested the key to the unsold vehicle under the pretext of checking its engine.

The car dealer, Chima Edmund

“On Monday, the guy came to my outlet around 4pm. He met my junior staff and came in with a bag as a customer. He asked for the 2025 Toyota Tundra pickup, which costs around N130m, and demanded the key to check it. He dropped his bag inside it, and the staff watched him start the engine, thinking he only wanted to check it. But the man engaged the gear and drove off,” Edmund said.

According to him, the vehicle exited the dealership through a route that required a supporting slab because of the difference in elevation between the car stand and the main road.

See also  UK police hunt for suspect in antisemitic attacks on synagogues

He said the vehicle’s doors locked automatically when the suspect engaged the gear, after which he drove towards the VGC Bridge.

Edmund said his staff member pursued the vehicle but struggled to convince passers-by that the man behind the wheel was not the owner.

He alleged that the suspect drove through a residential estate in Ajah, damaged a barricade at the entrance and continued towards Chevron and Ebeano before heading to Ajiran.

“On getting to Ajiran, he could not find his way again. He realised he had driven to the end of the road, and when he could not proceed, he drove over the canal until the vehicle landed in it. That was when some boys dragged him out,” the dealer said.

Edmund said the escape attempt damaged the pickup and a barricade at the VGC entrance.

He added that he paid for repairs to the barricade and incurred expenses on the treatment of people injured during the incident, as well as the suspect’s feeding and other related costs.

The dealer said he also paid for the suspect’s medical treatment following the crash, adding that the man was not kept in a cell because of the injuries he sustained.

According to Edmund, the case was initially reported at the Ajah Police Division before being transferred to the State Criminal Investigation Department, Panti, Yaba, where two women who identified themselves as the suspect’s mother and sister visited him.

He said the women claimed to be from Agbor, Delta State, adding that he became concerned about recovering his expenses after learning that the suspect had been released on bail.

Edmund alleged that he was pressured to withdraw the case after investigators established that the suspect had a psychiatric condition.

See also  PHOTOS: NDLEA busts Illicit drug warehouse recovering over N6.7bn Opioids in Lagos

“I am already suspecting foul play in the police dealings because I was hurried to close the case when the man was confirmed to be a psychiatric patient. Just yesterday evening, he had been released on bail.

“For somebody who caused me such heavy damage, how am I going to bear these losses alone, knowing that the culprit has been released? Somebody attempted to steal a car from my outlet. It is sad,” he said.

The dealer appealed for assistance in recovering from the financial losses, saying preliminary estimates put the cost of repairing the damaged Toyota Tundra at about N40m.

Edmund, who said he had been in the automobile business since 1996, described the incident as unprecedented in his nearly three decades in the trade.

He said he had operated in different parts of Lagos, including Berger and FESTAC, before relocating to VGC, adding that he had never experienced a similar incident despite attending to numerous customers over the years.

He said it was difficult to identify suspicious customers by their appearance, noting that some casually dressed clients had purchased vehicles worth more than N200m from his dealership.

Edmund also dismissed suggestions that the vehicle had been left unattended with the suspect, insisting that a proper test drive should involve at least two people accompanying a prospective buyer.

On why the pickup did not have a tracking device, he said it was a new vehicle that had not yet been sold.

According to him, installing a tracker before a vehicle is purchased could require interference with its wiring system and raise concerns among prospective buyers about whether it was a Nigerian-used vehicle.

See also  PHOTOS: Mob beat 'r@pist' to de@th, hack off his genitals and drag body through streets over 's£x attack on disabled woman'

He added that the pickup had a fuel tank capacity of about 130 litres, but its fuel gauge was already on red, indicating that approximately 30 litres remained when the suspect allegedly drove it away.

When contacted, the spokesperson for the Lagos State Police Command, SP Abimbola Adebisi, denied the allegation that the police had improperly released the suspect.

Adebisi said the suspect had been certified as a psychiatric patient by recognised government hospitals and competent courts, adding that the dealer withdrew the case after the information emerged during the investigation.

“The suspect is a psychiatric case, certified by recognised government hospitals and competent courts.

“All these were well known by the complainant in the course of our investigation. This prompted him to submit a withdrawal letter, whereupon the suspect was handed over to his mother for rehabilitation,” she said in a WhatsApp message to our correspondent.

However, PUNCH Metro could not independently verify the police spokesperson’s claims, as she did not provide the documents requested by the correspondent to substantiate the alleged medical certification and withdrawal of the complaint.

Source: punchng.com

FOLLOW US ON:

FACEBOOK

WHATSAPP CHANNEL

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

INSTAGRAM

Continue Reading

Trending