The Court of Appeal in Abuja upheld the conviction of Faisal, the son of Abdulrasheed Maina, the jailed ex-Chairman of the defunct Pension Reform Taskforce Team (PRTT), for conspiracy and money laundering.
However, in a decision issued on Thursday, a three-member panel of the appellate court reduced his sentence from 14 years to seven years on the grounds that he is a first-time offender.
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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.