(http://naija2day.com/http%3A//naija2day.com/wp-content/uploads/2012/10/Naija2day.png//2013/01/Pension-Looters.jpg) (http://naija2day.com/http%3A//naija2day.com/wp-content/uploads/2012/10/Naija2day.png//2013/01/Pension-Looters.jpg)Most Nigerians were shocked beyond belief yesterday after an Abuja High Court sentenced an Assistant Director, Police Pension Board, John Yusuf, to two years' imprisonment for his role in the theft of N20 billion of pension funds.
In his judgment, Justice Mohammed Talba ordered Yusuf to forfeit the sum of N325 million to the Federal Government.
Talba further said that the convict must forfeit a total of 32 of his properties to the government.
He also ordered Yusuf to remit the sum of N750,000 to the Federal Government treasury, the amount being the total of the N250,000 charged for each of the three count-charge.
"The convict has actually assisted the court by confessing to have taken N3 billion as his share from the N20 billion leading to this summary trial.
"This shows that the convict has a measure of virtue left in him. The court has in this regard found him guilty as charged.
"John Yusuf, an Assistant Director with the Police Pension Board, being an accused arraigned in this court over N32.8 billion theft of pension funds is hereby sentenced to two years with a fine of N750,000.
"The convict's properties, which the court had earlier ordered forfeited to the Federal Government, shall remain permanently so,'' Talba said.
The EFCC had on April 2, 2012 arraigned Yusuf, and five others on a 16-count charge for allegedly defrauding police pensioners to the tune of N32.8 billion.
The five others are Atiku Abubakar-Kigo, Ahmed Wada, Esai Dangabar, Veronica Onyegbula and Sani Habila.
The other accused person pleaded not guilty to the charge. Talba adjourned the matter to Feb. 25 for continuation of trial.
NaijaToday