EFCC Re-arrests Convicted Pension Boss Reviewed by Momizat on . A former deputy director in the Police Pension Office, John Yakubu, still has a lot to account for as he has just been re-arrested by the Economic and Financial A former deputy director in the Police Pension Office, John Yakubu, still has a lot to account for as he has just been re-arrested by the Economic and Financial Rating:
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EFCC Re-arrests Convicted Pension Boss

A former deputy director in the Police Pension Office, John Yakubu, still has a lot to account for as he has just been re-arrested by the Economic and Financial Crimes Commission (EFCC).

Mr. Yakubu, who was convicted by an Abuja Federal High Court on a three count of criminally converting N23.3 billion Police pension fund for personal use, was on Monday sentenced to six years imprisonment or an option of  N750,000 fine – about one percent of the entire loot.

The EFCC on Tuesday filed fresh charges at the Federal High Court in Abuja Court against Mr. Yakubu who was let off the hook after pleading guilty to the criminal charges.

The Commission charged Mr. Yakubu to court on a four count of false declaration of assets contrary to section 27 Sub Section 3 of the EFCC Act.

According to court documents, Mr. Yakubu is charged with failing to declare in his asset form as a civil servant his interest in Sy-A Global Services Limited, a company solely owned by him and members of his family.

The second charge stated that Mr. Yakubu did not declare the sum of N250,000 lodged in fixed deposit  in the name of the said company with a commercial bank.

He is also accused of failing to declare another N10 million lodged in a separate commercial bank in the name of the said company.

According to the fourth charge Mr. Yakubu used a surrogate, Danjuma Gele to deposit the sum of N25 million in a fixed deposit account.

No date has been given for his formal arraignment in court.

 

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  • http://www.facebook.com/mike.terry.75286 Mike Terry

    The Judgement was too soft, a man steals a phone, He is burnt alive, Another steals a goat His hand is chopped off, you steal billions you are a hero and given this kind of judgement, the lesson for us youths is that we should go ahead and steal. The Judge forgot that his protection is provided by the Police who this man fraudulently converted their pension. Its a Shame 

  • http://twitter.com/miketerungwa michael terungwa

    promo! promo!! promo!!!

    Steal N32b from FG’s Pension Fund and pay N750k back as fine. No jail term! Hurry now fellow Nigerians, Mr Yakubu Yusuf don win him own ooo!!! This promo is proudly Sponsored by: FGN, NPF, EFCC, ICPC, PDP, Nigerian Judiciary and many others.

    Terms and conditions Applied….

  • DavisOmon

    I hope the presiding Judge on that case will feel asham of himself for that judgment he delivered.The judiciary is not helping matters a tall in the country.He has only told Nigeria to still public fund and get away with it so how do we help the presidency to deal with corruption in the country

  • http://profile.yahoo.com/USWLEQZ3EAFCNX2HUYJ6KMVUGQ wang

    THE COUNTRY IS FINISHED. THAT IS ALL I CAN SAY

  • http://www.facebook.com/qs.israel.1 QS Israel

    Qualification to convert public fund are (1) must be  a First Offender, (2) Family Bread Winner, (3)  Father or Mother of 4 ie, 2 in the university, 1 in secondary school, and 1 in primary school, (4) ability & readiness to pay #250,000.00 in court for each count charge. DEAR NIGERIANS, WHERE ARE WE GOING?
    THOUSANDS OF THOUSAND PENSIONER WERE OUT THERE DYING WHILE WAITING FOR THE RIGHT………FEAR GOD

  • http://www.facebook.com/qs.israel.1 QS Israel

    Qualification to convert public fund are (1) must be  a First Offender,
    (2) Family Bread Winner, (3)  Father or Mother of 4 ie, 2 in the
    university, 1 in secondary school, and 1 in primary school, (4) ability
    & readiness to pay #250,000.00 in court for each count charge. DEAR
    NIGERIANS, WHERE ARE WE GOING?
    THOUSANDS OF THOUSAND PENSIONER WERE OUT THERE DYING WHILE WAITING FOR THE RIGHT………FEAR GOD 

  • http://www.facebook.com/peter.azende Peter Msuega Azende

    Nawa 4 Nigeria

  • Joseph Ubiagba

    This federal government, if they overlook this pension 23 billion case, should be impeached immediately. JONATHAN HAS FAILED TO FIGHT CORRUPTION.

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