In a judgment on Thursday, a three-membered panel of the appellate court have upheld that the conviction of Maina’s son, Faisal, for money laundering was right.
The Nation reported that the court, however, reduced his term of imprisonment from 14 years to seven years on the grounds that he is first-time offender.
Recall, that the Federal High Court in Abuja on November 7, sentenced a former chairperson of the defunct Pension Reform Task Team, Abdulrasheed Maina, to eight years imprisonment for money laundering offences involving N2billion in pension fund.
In the lead judgment by Justice Ugochukwu Anthony Ogakwu, the court held that Justice Okon Abang of the Federal High Court, Abuja was right to have convicted Faisal.
It was of the view that being a first time offender, the trial court ought not to have handed the convict the maximum punishment under the law.
