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Yusuf, the pensions thief, to spend at least three more weeks in Kuje prison

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Yusuf, the pensions thief, to spend at least three more weeks in Kuje prison

by Stanley Azuakola

Could this be karma?

John Yakubu Yusuf, the man who stole N24 billion belonging to police pensioners, confessed to doing so, and was only asked to pay a paltry N750,000 fine was supposed to have the hearing for the bail application in his second case Tuesday. But it didn’t happen. The trial judge, Justice Adamu Bello, was attending an ongoing conference in Lagos and so could not make it.

Yusufu is facing a fresh four count charge brought before a Federal High Court sitting in Abuja by the EFCC. The four count charge borders on false assets declaration. According to the charges:

– In February 2012, he  knowingly failed to make full disclosure of his assets and liability in the Declaration of Assets Form which he filled by not declaring his interest in a company known as SY-A Global Services Limited, incorporated by him and solely owned by him and members of his immediate family. The offence is said to be punishable under section 27(3) of the EFCC Act, 2004.
– He also allegedly failed to declare his interest in a N250 million fixed deposit which was fixed in the name of the said company in an account it maintains at Zenith Bank International Plc. He is the sole signatory to the company’s account.

– He also allegedly fixed another N29 million through one Mr. Danjuma Mele who is scheduled to testify as a witness in the trial. The sum was allegedly fixed on the instruction of Mr. Yusufu through Mele’s company, Jidag Technical Services Ltd’s account in Diamond Bank Plc.

He pleaded not guilty to the alleged crimes and was subsequently remanded at Kuje prisons pending his bail application which was scheduled for Tuesday.

By this development, Yusufu, would have to remain in prison custody until 4 March when his bail application is rescheduled to take place.

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