Vanguard (Lagos)

Nigeria: Ex-Police Pension Boss, Yakubu Yusuf Jailed

28 January 2013

An Abuja court Monday afternoon, sentenced former police pension boss, Yakubu Yusuf to Two years in prison for embezzling N23bn.

He pleaded guilty to the embezzlement of N23.3 billion and is to forfeit property valued at N325 million. However, he was given an option to pay a fine of N250 thousand.

He was the only person who pleaded guilty to the charges out of eight suspects arrested and charged by the EFCC in connection with the fraud at the police pension fund where civil servant connived and stole and shared about N40 billion amongst themselves.

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