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Wednesday, January 30, 2013

EFCC Re-arrests Pension Thief For False Declaration Of Assets After Court Frees Him On N750,000 Fine

The Economic and Financial Crimes Commission yesterday 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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