Nigerian steals $145m, fined $14 000

2013-01-28 22:32
(Picture: Shutterstock)

(Picture: Shutterstock)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

kalahari.com

  • Nigeria
    How Ethnic Rivalry and Religious Fundamentalism Threatens Africa's Most Populous Nation Was R342.95 Now R308.66
    buy now

Abuja - A man who formerly helped oversee Nigeria's police pension program pleaded guilty Monday to stealing $145 million, but walked out of court a free man after agreeing to a plea bargain that saw him pay only a fraction of it back.

The plea deal given to John Yakubu Yusufu and read out in court sparked immediate anger across Nigeria, a nation where many feel government officials pilfer pension funds and oil revenue without any fear of prosecution. Yusufu will pay only a $14 000 fine, forfeit some properties and pay about $2m in restitution, something that the nation's top anti-corruption agency immediately criticized.

Justice Mohammed Talba, who agreed to the plea deal in a Federal High Court, sentenced Yusufu to serve two years in prison. However, Talba said Yusufu could pay the fine and the restitution, which also includes turning over 32 properties he allegedly purchased with the stolen money.

In asking for the plea deal, Yusufu's defence lawyer, Theodore Bala Maiyakim, said his client had a serious heart condition.

"He has saved the time of my Lord and being a first offender, with no previous record of conviction, I urge the court to temper justice with mercy and sentence him with least possible terms," Maiyakim asked, according to an account provided by Nigeria's Economic and Financial Crimes Commission.

Prosecutor Rotimi Jacobs, however, called for Yusufu to serve prison time to "send out the message that the era of stealing public funds with impunity is gone".

Under the three charges filed against Yusuf, he could have served a maximum of six years in prison. Six others allegedly involved in the scam have pleaded not guilty.

Wilson Uwujaren, a spokesperson for the anti-corruption agency which sought the prosecutions, said the commission's officials strenuously objected to the sentence in court, as money stolen in the scam remains unaccounted for.

"The commission will study the ruling and respond appropriately," Uwujaren said in a statement on Monday.

Oil money provides about 80% of Nigeria's government funding, which trickles down to states that have budgets greater than those of surrounding nations. But the corruption that pervades the nation often sees that money go into political leaders' pockets rather than toward government services.

There also have been a series of recent scandals in Nigeria over pensions being stolen by government officials.

Transparency International's recent world rankings placed Nigeria 139th out of 174 countries when it comes to perceived corruption.

- SAPA

Read more on:    nigeria  |  west africa
NEXT ON NEWS24X

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
 
Traffic
Lottery
 
  • Wednesday Bellville - 09:57 AM
    Road name: N1 Inbound
    DELAYS between the R300 Highway and the Durban Road exit
  • Wednesday Cape Town - 09:21 AM
    Road name: N2 Inbound
    Earlier ACCIDENT before Hospital Bend has been moved to the side of the carriageway - HEAVY DELAYS from Duinefontein Road
 
More traffic reports...
 

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Escape winter, head to Mauritius

Escape winter by spending 7 nights in Mauritius' tropical bliss from R13 215 per person sharing. Includes return flights, airport transfers and accommodation. Book now!

Kalahari.com - shop online today

Get many eggs in one basket!

Gaming bundles: 2 Super Hits games for R99, 3 Disney games for R99 and more + exclusive accessory bundles only available on kalahari.com. While stocks last. Shop now!

25% off bestselling books!

The Real Meal Revolution by Tim Noakes, Jeffrey Archer’s Be Careful What You Wish for, Man’s Search for Meaning by Victor E. Frank and many more titles. Shop now!

Up to 25% off electronics

Buy top electronics and save up to 25%. Such as kalahari.com’s 1# selling product the gobii eReader, Patriot X Porter flash drive, Asus Nexus 7” 3G tablet, Samsung Galaxy SIII, Lenovo G580 Notebook and many more. Shop now!

DStv HD PVR Decoder now R949

The DStv HD PVR Decoder has further revolutionised the television experience with lifelike viewing, sharper images, more vibrant colours and precision picture quality. Now R949, save R550. Offer valid while stocks last. Shop now!

Up to 30% off appliances & homeware

Save up to 30% on appliances and homeware this Easter! Offer valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Samsung Galaxy Note 16GB

GALAXY Note combines the market's largest HD Super AMOLED display,...

From R3899.00

I'm shopping for:

Horoscopes
Aquarius
Aquarius

You may find yourself fascinated by something which could draw you in to obsessively exploring this subject in depth....read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.