EFCC Re-arrests Former Civil Service Assistant Director For N32.8bn Pension Fraud

June 23, 2020
15 Views

The Economic and Financial Crimes Commission(EFCC) have re-arrested a former Assistant Director in the Federal Civil Service, John Yakubu Yusuf who has been on the run since 2018 after the Court of Appeal, Abuja Division, sentenced him to six years imprisonment and a fine of N22.9billion, for conniving with five other suspects to  steal N32.8billion Police Pension Fund.

The EFCC publicized this in a social media statement on Monday. According to the financial crimes deterring agency, Justice Baba Yusuf of the FCT High Court on Monday, June 22, 2020, issued a remand order that will enable Yakubu serve his six years jail term in Kuje Correctional Service, Abuja.

Yakubu is one out of six federal civil servants facing prosecution for allegedly stealing N32.8billion Police Pension Fund.

According to the EFCC, he had initially been convicted and sentenced to two years imprisonment with an option of fine of N750,000 (Seven Hundred Thousand Naira only) by a Federal Capital Territory High Court presided over by Justice Abubakar Talba, in a plea-bargain arrangement.

The conviction, considered to be a slap on the wrist, sparked national and international outrage.

The EFCC were dissatisfied with the judgment of the trial court, thus approaching the appellate court to set aside the judgment.

Ruling on the substantive matter, the Justices of the Court of Appeal held unanimously that the three counts involving Yusuf (Counts 17, 18 and 19) clearly stated the amounts he converted for his personal use.

Yakubu pleaded guilty to the three counts and thereby admitted to the conversion of an aggregate sum of about N24billion to his personal use.

The court stressed that the sentence of the trial court, did not serve as deterrence to both the convict and others.

Consequently, the justices ruled that the sentence is:
“hereby quashed and deserves to be reviewed as follows: on Counts 17, the Respondent is hereby sentenced to two years imprisonment with an addition of fine of N20billion Naira;

On Counts 18, the Respondent is hereby sentenced to two years imprisonment with an addition of fine of N1.4billion Naira; on counts 19, the Respondent is hereby sentenced to two years imprisonment with an addition of fine of 1.5billion Naira.
The sentence of imprisonment is to run consecutively and the fine is to be cumulative.”

You may be interested

Olojo Festival: Government Prioritising Tourism For Huge Economic Gains – Oyetola
News
5 views
News
5 views

Olojo Festival: Government Prioritising Tourism For Huge Economic Gains – Oyetola

Webby - September 27, 2020

…set to build world-class museum, heritage centre in Osun State of Osun Governor, Adegboyega Oyetola, on Saturday, restated his administration’s…

Davido signs new artist to DMW
News
5 views
News
5 views

Davido signs new artist to DMW

Webby - September 27, 2020

<!-- --> By Muhaimin Olowoporoku Superstar musician, David Adeleke professionally called Davido has announced the signing of a new artist,…

3 die of COVID-19 in Nigeria, zero infection in Abuja
News
6 views
News
6 views

3 die of COVID-19 in Nigeria, zero infection in Abuja

Webby - September 27, 2020

<!-- Dressed to fight COVID-19 --> Dressed to fight COVID-19 Three persons have died of COVID-19 in Nigeria, the Nigeria…

Leave a Comment

Your email address will not be published.