The Court of Appeal on Thursday upheld the conviction of Faisal, the son of the jailed former Chairman of the defunct Pension Reform Taskforce Team (PRTT), Abdulrasheed Maina, for conspiracy and money laundering.
In addition, a three-member panel of the appellate court reduced his term of imprisonment from 14 to seven on the grounds that he was first time offender.
In the lead judgment delivered 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.