Exposed: Abdulrasheed Maina's $1.3M Foreign Property Empire Linked to Pension Fraud

Abdulrasheed Maina, the former chairman of the Presidential Task Force on Pension Reform in Nigeria, has been exposed for allegedly siphoning $1.3 million from Nigeria's pension system to acquire luxury properties abroad. Investigations by Premium Times in partnership with OCCRP and PPLAAF revealed that Maina purchased four foreign properties between 2010 and 2013.

These properties include homes in Kentucky, United States, and a hotel apartment in Dubai registered under his daughter Farida Abdulrasheed Maina's name. Court documents allege that Maina diverted $1 million of pension funds through his personal secretary.

Despite legal troubles, including a conviction for money laundering in Nigeria, Maina managed to acquire these properties. He was sentenced to eight years in jail in 2021 for laundering N2 billion pension funds but later fled Nigeria, only to be extradited from Niger Republic.

Maina's ex-wife, Laila Abdulrasheed Maina, was involved in a property transfer as part of a divorce settlement. The EFCC has been unable to seize Maina's foreign assets.