Monday, January 28, 2013

Police pension boss jailed 2yrs for stealing N2bn freed on N250k fine

An Abuja High Court today sentenced a former head of the Police Pension Board, Mr Yakubu Yusuf, to two years in prison after he pleaded guilty to embezzling N2billion of police pension fund.

But guess what? Mr Yusuf was given an option of N250 thousand to avoid the jail sentence. He was also asked to forfeit property valued at N325 million.

The former assistant director in the federal civil service was one of the six people tried for stealing N32.8 billion of police pension fund. Naija, we hail thee!!!

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