Director jailed 2yrs for stealing N33bn pension fund freed on N250,000 fine

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Activist says the N250 thousand fine in a monumental pension fraud is a “handshake”

An Abuja court on Monday handed a two year jail term, with a N250,000 fine option, to one of six federal officials tried for stealing N32.8 billion of police pension fund.

The sentencing is the first conviction in an elaborate scam that came to light early 2012 involving several top officials, offices and banks.




John Yakubu Yusuf, a former assistant director in the federal civil service, was tried on a 20-count charge alongside Atiku Abubakar Kigo (Permanent Secretary), Ahmed Inuwa Wada (Director), Veronica Onyegbula (Cashier) and Sani Habila Zira (ICT Officer).

Mr. Yusuf’s sentencing came after he pleaded guilty to betraying trust and fraudulently converting N2 billion of police pension funds to private use.



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