Connect with us

PHOTOSPEAKS

Nigerian Official Convicted For Stealing $203 Million Gets Two Years in Jail, Or Option Of $1,500 Fine

Published

on

Nigerian Official Convicted For Stealing $203 Million Gets Two Years in Jail, Or Option Of $1,500 Fine 3
SPOT THE DIFFERENCE, only in Naija!
23rd January, 2013, a magistrate court in Abeokuta sentenced one Adesina Mustapha to 2 years imprisonment for stealing VEGETABLE LEAVES (ugwu) worth N5000 without any option of fine.

28th January, 2013, a court in Abuja sentenced former police pension boss to 2 years imprisonment for embezzling N23.3 Billion with option of N250,000 fine. 

An Abuja High Court became the punch line to a tasteless joke today when it sentenced John Yakubu Yusufu, standing trial on charges of stealing N32.8billion in the Police Pension scam, to two years on each of three charges, and then offered him a go-home option of a fine of N250,000 ($1,500).
Wisely, Mr. Yusufu accepted the judge’s kind offer, parted with N750,000 ($4,500), and walked into freedom with the rest of his loot.

The Economic and Financial Crimes Commission (EFCC), said in a statement it would “study the ruling and respond appropriately.”
Before Justice Talba Mohammed, Mr. Yusufu had dramatically pleaded guilty to counts 18, 19 and 20 of the offense of grand theft and money laundering involving N32.8 billion ($204 million), in connivance with Essai Dangaba, Atiku Abubakar Kigo, Ahmed Inuwa, Wada, Mrs. Veronica Uloma, Sani Habila Zira, Mrs. Uzoma Cyril Attang and Christian Madubuike.
At today’s trial, the EFCC amended the charges and introduced two more suspects, Mrs. Uzoma Cyril Attang and Christian Madubuike.
Mrs. Attang was however not produced in court as she is said to be a powerful woman.  She was however identified as a Director of Finance at the Ministry of Communication; between 2007 and 2008, she served as a Director at the Police Pension Fund.
During that short span, Mrs. Attang amassed so much wealth that in one account, at the United Bank of Africa, she had N500 million and the Code of Conduct tribunal brought charges against her.  Those charges were then swiftly quashed as the First Lady, Mrs. Patience Jonathan, allegedly waded into the case on her side.
The EFCC said in its statement that Mrs Attang was “removed from the list of accused persons due to her absence in court,” but that she will be arraigned at a later date.
Count 19, one of the three that Yusufu pleaded guilty to, reads: “That you John Yakubu Yusufu between 27th January, 2009 and 25th November 2009 at Abuja in the Abuja Division of the High Court of the Federal Capital Territory converted to your use certain property, to wit the sum of N1,364, 285, 419.95 ( One Billion, Three Hundred and Sixty Four Million, Two Hundred and Eighty Five Thousand, Four Hundred and Nineteen  Naira and Ninety five Kobo) belonging to Police Pension Office domiciled in its account with First Bank of Nigeria Plc and you thereby committed an offence punishable under section 309 of the Penal Code Act, Cap. 532, Laws of the Federal Capital Territory, Abuja, Nigeria, 2007.”
According to the EFCC, prior to the ruling, the defence counsel, Theodore Bala Maiyaki pleaded with the court for leniency.  “My Lord, his conduct has shown respect for this honourable court, he has saved the time of my Lord and being a first offender, with no previous record of conviction, I urge the court to temper justice with mercy and sentence him with least possible terms.”
He also pleaded that Yusufu has a serious heart condition and is the bread winner of not only his immediate family but of numerous others.
However, prosecution counsel Rotimi Jacobs reminded the court that Section 309 of the Criminal Procedure Code prescribes a maximum of 2 years imprisonment, a fine or both for the offence which the convict had pleaded guilty to.
He said, “The court needs to send out the message that the era of stealing public funds with impunity is gone. Having regards to the amount and properties involved, the duty imposed on the convict, it would not be good to convict him without regards to assuaging the feelings of Nigerians especially the pensioners.”
Mr. Jacob urged the court to convict Mr. Yusufu accordingly. He also submitted an application seeking for the forfeiture of 13 properties found in Gombe GRA and Abuja which the EFCC seized from Yusufu as proceeds of crime.
Mr. Jacobs said the process of illegally withdrawing and sharing monies among the accused persons started in 2007 and ended in 2009; within that period, Mr. Yusufu came into office, met the unwholesome practice and continued with it.  He told the court that apart from the 13 properties confiscated from him, the sum of N325 million found in his account should also be forfeited.
Mr. Jacobs later protested the slap on the wrist handed down by Justice Mohammed, warning that it will defeat the fight against corruption.
Apart from the jail term, the EFCC said the former assistant director of Police Pension office will forfeit 32 properties. They include two units of a 3 bedroom semi detached bungalow at R2, A and B, sunny homes, Dakwo District, Abuja; two units  of 3 bedroom semi bungalow- detached at M24, A and B, sunny homes Dakwo homes, Dakwo District Abuja; four units of a 3bedroom semi- detached bungalow, managed by Daniel at sunny homes, Dakwo District, Abuja; eight units of an Estates of two bedroom flats, at Gombe, GRA; one unit Semi-detached Duplex at house 21, 4th Avenue, Gwarinpa, Abuja; four units of a 2 bedroom semi-detached duplex at Bricks city, Kubwa road, Abuja and one unit of Semi- Detached Duplex, at 14B Democracy crescent, Gaduwa, Abuja.
He will also forfeit the sum of N325, 187, 867.18 in cash.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

LATEST NEWS

Reno Omokri Places $500 Bounty On Instagram Troll Who Threatened His Daughter Reno Omokri Places $500 Bounty On Instagram Troll Who Threatened His Daughter
News16 hours ago

New Naira: CBN Deadline Is Like Judgement Day – Reno Omokri

A former presidential aide to ex-President Goodluck Jonathan, Reno Omokri has likened the Central Bank of Nigeria (CBN) deadline for...

Yemi Alade Allegedly Weds Her Longtime Manager, Taiye Aliyu In A Private Ceremony [Video] Yemi Alade Allegedly Weds Her Longtime Manager, Taiye Aliyu In A Private Ceremony [Video]
PHOTOSPEAKS17 hours ago

Yemi Alade Allegedly Weds Her Longtime Manager, Taiye Aliyu In A Private Ceremony [Video]

Nigerian singer, Yemi Alade has allegedly tied the knot with her longtime manager, Taiye Aliyu, in a private ceremony. It...

Naira Notes Swap Aimed At People Hoarding Illicit Funds, Not Common Man - Buhari Naira Notes Swap Aimed At People Hoarding Illicit Funds, Not Common Man - Buhari
News18 hours ago

Naira Notes Swap Aimed At People Hoarding Illicit Funds, Not Common Man – Buhari

President Muhammadu Buhari has reacted to the outrage trailing the deadline given by the Central Bank of Nigeria (CBN) for...

"I Lost My Virginity At 19, Dated An Older Lady For Sex" - BBNaija Star, Pere Egbi [Video] "I Lost My Virginity At 19, Dated An Older Lady For Sex" - BBNaija Star, Pere Egbi [Video]
Entertainment18 hours ago

“I Lost My Virginity At 19, Dated An Older Lady For Sεx” – BBNaija Star, Pere Egbi [Video]

Former Big Brother Naija housemate, Pere Egbi has opened up about his dating life and sexual relationships. During a recent...

Atiku Reveals Why CBN Should 'Slightly' Extend Deadline For Old Naira Notes [Video] Atiku Reveals Why CBN Should 'Slightly' Extend Deadline For Old Naira Notes [Video]
News19 hours ago

Atiku Reveals Why CBN Should ‘Slightly’ Extend Deadline For Old Naira Notes [Video]

The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar has called on the Central Bank of Nigeria (CBN)...

"Happy Birthday To My King" - Nkiru Sylvanus Celebrates Her Husband, Sammy Richies "Happy Birthday To My King" - Nkiru Sylvanus Celebrates Her Husband, Sammy Richies
Entertainment20 hours ago

“Happy Birthday To My King” – Nkiru Sylvanus Celebrates Her Husband, Sammy Riches

Nollywood Actress, Nkiru Sylvanus, popularly known as ‘Ble Ble’, has taken to social media to celebrate the birthday of her husband,...

Ganduje Postpones Buhari's Visit To Kano Over ‘Hardship’ Caused By Naira Redesign Ganduje Postpones Buhari's Visit To Kano Over ‘Hardship’ Caused By Naira Redesign
Politics20 hours ago

Ganduje Postpones Buhari’s Visit To Kano Over ‘Hardship’ Caused By Naira Redesign

Kano State Governor, Abdullahi Ganduje has postponed the planned visit of President Muhammadu Buhari to the state due to security...

Nigerian Police Reacts After Court Sentenced IGP Usman Baba To 3 Months In Prison Nigerian Police Reacts After Court Sentenced IGP Usman Baba To 3 Months In Prison
News20 hours ago

IGP, Usman Alkali Baba Invalidates Existing Police Community Relations Committee Identity Card

The Inspector-General of Police, IGP Usman Alkali Baba, has invalidated the existing Police Community Relations Committee (PCRC) Identity Card with...

"I'm Not A Politician But A Footballer"- Kanu Nwankwo Denies Endorsing Tinubu [Video] "I'm Not A Politician But A Footballer"- Kanu Nwankwo Denies Endorsing Tinubu [Video]
Celebrities21 hours ago

“I’m Not A Politician But A Footballer”- Kanu Nwankwo Denies Endorsing Tinubu [Video]

Former Super Eagles forward, Kanu Nwankwo has denied reports that he endorsed the presidential candidate of the All Progressives Congress (APC),...

Don't Support Thieves, I'm Not Going To Steal Your Money And Make Excuses - Peter Obi Don't Support Thieves, I'm Not Going To Steal Your Money And Make Excuses - Peter Obi
News21 hours ago

Nigerians Remain Hopeful For A National Rebirth – Peter Obi

The presidential candidate of the Labour Party (LP), Peter Obi has said Nigerians are hopeful for a national rebirth. Peter...

close