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2 clusters · 21 sources · 24 days · First seen about 1 month ago · Last updated 11 days ago

EFCC investigations into Maina family pension fraud

Overview

The Economic and Financial Crimes Commission (EFCC) has intensified its pursuit of individuals linked to pension fund fraud. In September 2026, the EFCC issued a wanted notice for Abdulrasheed Abdullahi Maina, the former chairman of the defunct Pension Reform Task Team (PRTT), regarding allegations of receiving stolen property. This followed his previous imprisonment for a money laundering conviction involving approximately N2 billion in pension funds.

In October 2026, the Department of State Services (DSS) arrested Faisal Abdulrasheed Maina, the son of Abdulrasheed Maina, in the Karsana area of Abuja. Faisal had been a fugitive since 2020 after violating bail conditions related to money laundering charges. Following his arrest, he was handed over to the EFCC to ensure the enforcement of an existing court judgment.

Faisal was previously convicted in absentia in October 2021 and sentenced to 14 years in prison for operating a fictitious bank account under the name ‘Alhaji Faisal Farm 2’. Through this account, approximately ₦58.1 million linked to his father was laundered between 2013 and 2019. While the initial sentence was 14 years, the Court of Appeal reduced it to seven years in November 2022, citing his status as a first-time offender.

Entities

Economic and Financial Crimes Commission · Nigeria · Abdulrashid Maina · Abdulrasheed Maina · Pension Reform Task Team

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] The Department of State Services arrested Faisal Abdulrasheed Maina in the Karsana area of Abuja. punchng.com
[● 3 SOURCES] The DSS handed Faisal Maina over to the Economic and Financial Crimes Commission (EFCC). punchng.com
[● 3 SOURCES] Faisal Maina has been on the run since 2020. punchng.com
[● 3 SOURCES] The Federal High Court in Abuja convicted Faisal Maina on money laundering charges in October 2021. punchng.com
[● 2 SOURCES] The Court of Appeal reduced Faisal Maina's sentence from 14 years to seven years in November 2022. punchng.com
[● 2 SOURCES] Faisal operated a fictitious account named ‘Alhaji Faisal Farm 2’ with United Bank for Africa. punchng.com

Timeline

11 days ago

[CRIME] 14 sources
Faisal Maina arrested in Abuja and handed to EFCC
The DSS has arrested Faisal Abdulrasheed Maina in Abuja and transferred him to the EFCC. Faisal, a fugitive since 2020, was previously convicted of money laundering involving pension funds.
about 1 month ago

[CRIME] 15 sources
Abdulrasheed Maina declared wanted by EFCC for alleged receipt of stolen property
Nigeria's EFCC has declared former pension boss Abdulrasheed Maina wanted again, this time over allegations of receiving stolen property following his recent release from prison.

Sources

blueprint.ng · businessday.ng · chronicle.ng · dailytrust.com.ng · gistmania.com · gwg.ng · insidebusiness.ng · nationalaccordnewspaper.com · nationaldailyng.com · nigerianeye.com · pointblanknews.com · premiumtimesng.com · punchng.com · qed.ng · statepress.ng · theabujainquirer.com · thegeniusmedia.com.ng · thenigerialawyer.com · thisdaylive.com · time.news · tribuneonlineng.com

This summary has been updated 1 time: see revision history