Yusuf was arraigned before the court for
embezzling N 23 billion. The sentence was passed after he pleaded guilty to the
charges on embezzlement. He is also to forfeit property worth N325 million. Yusuf was however given an option of N250,000
fine to avoid the jail sentence.
Yusuf, an Assistant Director and some
others had been found culpable in the illegal diversion of N32.8 billion from
the Nigeria Police Pension funds. At least N24 billion was discovered to have
been stolen through the use of falsified documents.
According
to Street Journal’s findings, the said amount was withdrawn for the payment of
pensions that required only N3.5 billion. Investigations also showed that while
N5 billion was remitted to the office of the Head of Police Pensions office on
a monthly basis for pension payments, only N500 million was required. The remaining
was later found out to be withdrawn by staff using fictitious names and
cheques.
While
N1 billion cash was recovered from one of the employees of the Police Pensions
Office, another surrendered three luxury estates consisting of 27 blocks of
flats in Abuja.
- Street Journal
3 comments:
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When some1 embezzle 23billion nd u are giving him 250,000,fine,but u this call so so judges as jail a lot of ppl bcos of 1000naira,but now 23billion fine 250k,but u judges nd the accusser,ALMIGHTY GODwill judge u nd all ur family nd the pain that those ppl get the money all ur family too will have more than that.U BIG THIEF OLEEEEEEEEEEEEEEEEEEEEEEEE.
GOD will punish all of them, stupid thieves
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