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Wednesday 30 January 2013

N27bn pension thief rearrested after outcry

Mr Yesufu, second to the right

Nigeria’s Economic and Financial Crimes Commission  has  re- arrested Mr. John Yusuf Yesufu, a former director of the Police Pension fund who  was yesterday set free by an Abuja high court for stealing $203 million from the Police pension fund.
A  High Court at the Federal Capital Territory had set  Yesufu free after a controversial plea bargain yesterday  which  has lead  to a major outrage .
The plea deal saw Yesufu  paying N750,000  fine in lieu of a six- year jail sentence for conniving with others to defraud the office and pensioners of N27.2bn.
Mr. Yesufu is currently being detained at the Abuja office of the the EFCC for false declaration of assets. He  expected to face fresh charges  soon.

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