247 breaking news

The pension boss will also forfeit property.

An Abuja High Court has sentenced a former head of the Police Pension Board, Yakubu Yusuf, to two years in prison.

He pleaded guilty to the embezzlement of N23.3 billion and is to forfeit property valued at N325 million.

He was given an option of N250 thousand to avoid the jail sentence.

Details later…

Source: PremiumTimes

4 Comments to: Breaking News: Abuja court sentences police pension boss to 2yrs in prison for embezzling N23bn

  1. Attah Alfred

    January 28th, 2013

    The Nigerian judiciary are yet to get it right, how could somebody who stole #23.3b will been given two years in imprisonment in Abuja while somebody who stole goods that does’nt worth #20 thousand was sentence to death in Jos. Please where is the justice in this coutry?

  2. Mai

    January 28th, 2013

    What a sentence. Some body made lives of pensioners bitter and miserable, many have died without seen a kobo, yet after embezling N23billion, the police pension boss was given a sentence of two years in prison with an option of a fine. Could that really serve as a deterence or encouragement to future crime?

  3. January 29th, 2013

    Thanks a lot, Mr. Justice. I’m sure Mr. Yusuf will pay the N250,000 fine on the spot out of the N23.3billion he stole from the police pension funds, walk home a free man and smile all the way to the bank with over N23billion gain. That, of course, is how Jonathan fights corruption. Up 9ja!!

  4. Abuchi Ed. Ogbuju, Esq, CFE

    January 29th, 2013

    It is a pity, and regrettable! This appears not to be the way to fight corruption.
    Nigeria law is clear on 2years maximum jail sentence, but the discretion of the judge to give this paltry option of fine of =N=250,000 on each of the 3 counts (16,17 & 19) that the man pleaded guilty, beats imagination.
    Yes, Yakubu paid the =N=750,000 on the spot, collected his receipt and left with his lawyer, a free man! The loot will be shared, ie, if it has not been shared.
    Recall this is the reminiscence of Lucky Igbinedion of Edo State, to mention but this one. Where, he, Lucky was sentenced, also given an option of fine, the story had it that he paid immediately and gave ‘waka” to the agents that brought him to court before leaving the place, a free man!
    But I dare say that these are wrong signals. ‘ THE GAME IS CLEAR, STEAL AS MUCH AS YOU CAN, GET A GOOD LAWYER OR DISCUSS WITH THE JUDGE, YOU ARE AS GOOD AS A FREE MAN TO TAKE YOUR LOOT HOME’ that is, if you are caught.
    This is not good for the fighters also, the morale will sure nose dive. Remember, these are done at the risks of their lives; once corruption fights back, it is always deadly!


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