BREAKING: Former pension boss sentenced to 2 years in prison for stealing N23.3bn


by Hauwa Gambo

A High Court in Abuja has just sentenced former head of the Police Pension Board, Yakubu Yusuf to two years in prison.

Mr. Yakubu pleaded guilty to stealing N23.3 billion and has been ordered by the court to forfeit property worth N325 million.

However, his conviction comes with an option of a N250,000 fine. He was given an option of N250,000 to avoid the jail sentence.

Article Tags:
· ·
Article Categories:


  • The symbol of the Nigerian Judiciary should be at best squarting. How can someone who stole N65k be sent to 5years and the one who stole billions be sent to 2 years? With all the reputable personalities in the Judiciary? NigeriaARISE!

    Davidorff January 28, 2013 3:01 pm
    • What knid of justice is this. sentenced to 2 years with an option of fine. who will not take the fine. He stole billions, you are giving him a fine of thousands.

      ogun January 28, 2013 5:16 pm
  • this is naija fo u!

    muhammad-sani January 28, 2013 3:02 pm
  • This is ridiculous. You guys are not serious. This is one most laughable convictions I have seen. Judiciary, sit up and be counted.

    Chinkere January 28, 2013 3:11 pm
    • The judge that passed such ridiculous judgment should be send to jail without trail.

      andy ntong January 28, 2013 5:25 pm
  • Wow!!! What a pity on us Nigerians……… 250k for Bail on someone dat stole 23.3b pension fund ….. Nigerians re coward

    adeyemi January 28, 2013 3:56 pm
  • May God help us, and our country in general!

    Bello January 28, 2013 4:59 pm
  • may god help us we are suffering in this country but why pls but why ooo this country is very curopt

    dickson January 28, 2013 7:07 pm
  • uhmmm, I am short of words, days counting

    tobi January 28, 2013 9:25 pm
  • This is the latest addition to a litany of corruption woes for this country under the watch of GEJ. Net 2.3b with forfeited 0.3b and the guy is home and dry with 2b, I bet this guy will have been jailed for life in saner climes…
    Dont know if Nigeria wealth is really going to sustain its economic needs for another 5 years if the current Jamborree continues.
    *Thinking Hard*
    Kombitel (The prince of Orumba)

    Joseph Onuorah January 28, 2013 9:43 pm
  • Nawa o niger,a man stole bilions and his been convicted to 2yrs but when a man steals 2thousand naira his convicted to 20yrs imprisonment,and u call it demcratic dispensation “my foot”.when our judiciay is corrupt,a nigerian student [22yrs]in malaysia was caught with 1.98kg of cocaine was convicted to death by hanging in malaysia howevever two chiness immigrant in nigeria was caught with {2}40 feet container was jailed 4 15yrs each.niger !where re we heading to.

    henry January 28, 2013 10:12 pm
  • I am dumbfounded. where is Naija heading to? NJC wake up.

    Mazi Sam January 30, 2013 2:42 pm
  • Nigeria! Nigeria!! nigeria!!! where are we heading to? is this how we want to wipe out corruption? I bet you this will just encourage others to do worst.Arise Nigerian judiciary and do justice to all without fear or favour.

    sadiya February 1, 2013 9:36 pm
Loading Facebook Comments ...
Menu Title