N32b pension fraud

Offender(s)

Story

A Federal Capital Territory (FCT) High Court convicted Mr. John Yakubu Yusufu, a former deputy director in the Police Pension Office, for stealing N32.8 billion pension funds. The alleged offence is punishable under sections 97, 115 (ii), 119, 309 and 315 of the Penal Code Act Cap. 532 Laws of the Federal Capital Territory, Abuja, Nigeria 2007. Justice Abubakar Talba fined Yusuf N250,000 for each of the three-count charge. In the alternative, he is to spend two years in jail. Yusufu pleaded guilty to counts 18, 19 and 20 in which he was alleged to have connived with other accused persons to convert N24.2 billion, N1.3 billion and N1.7 billion belonging to the Pension Office to their own use. The offence is punishable under Section 309 of the Penal Code Act, Cap 532, Laws of the Federal Capital Territory, Abuja, Nigeria 2007.

Case Type

Offense

Money Involved

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