Federal High Court in Abuja, dismissed the application for bail variation filed by the former chairman of the PRTT, Abdulrasheed Maina, for lacking merit.
Former head of the Presidential Task Force on Pension Reforms, Abdulrasheed Maina. [Photo credit: juliana taiwo - WordPress.com]The Federal High Court in Abuja on Wednesday, dismissed the application for bail variation filed by the former chairman of theMr Maina is accused of diverting N100 billion of pension funds, and is facing trial for alleged money laundering.on a 12-count charge, and is also accused of operating fictitious accounts and carrying out other fraudulent activities.
PREMIUM TIMES had reported how on January 28, Justice Abang reduced the bail bond of the former PRTT chairman from N1 billion to N500 million. Still not able to meet the adjusted bail conditions, Mr Maina in an application dated February 10 asked the court to further vary the bail conditions.Ruling on Mr Maina’s bail variation application on Wednesday, Justice Abang held that Mr Maina failed to provide sufficient material before the court to prove that he is unable to meet his bail condition, which includes a serving senator as surety.
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