Tuesday 29 January 2013


EFCC Re-arrests Pension Thief For False Declaration Of Assets

Posted: January 29, 2013 - 
John Yakubu Yusufu and his lawyer leaving the court 
The Economic and Financial Crimes Commission today re- arrested Mr. John Yusuf, a former director of the Police Pension fund who had earlier been 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 Mr. Yesufu free after a controversial plea bargain yesterday leading to a major outrage across the world.
The plea deal saw Yesufu  paying N750,000 ($4,500) fine in lieu of a six year prison sentence for conniving with others to defraud the office and pensioners of N27.2bn.
EFCC spokesperson Mr. Wilson Uwujaren  said Mr. Yesufu is currently being detained at the Abuja office of the the EFCC for false declaration of assets. He stated that the former pension administrator will soon face fresh charges.
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