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Appeal Court Jails Yakubu Yusuf Six Years with N22.9bn Fine Over N24bn Fraud
The Abuja Division of the Court of Appeal on Wednesday quashed the sentence of two years imprisonment with option of N750,000 fine imposed by the High Court of the Federal Capital Territory, Abuja, on a former official of the Police Pension Office, Yakubu Yusuf, for stealing N24bn pension funds.
A three-man panel of the Court of Appeal headed by Justice Abdu Aboki, in a unanimous judgment, described the High Court’s sentence as unreasonable and substituted it with a total of six years’ imprisonment with an addition of N22.9bn fine.
Justice Emmanuel Agim, who delivered the lead judgment of the court, ruled that “the sentences levied” by the High Court “are clearly light and lenient ones.”
The justice ruled that this allowed “the convict, who had admitted misappropriating or stealing N24bn, the option to pay the sum of N250,000 per count of offence in lieu of serving a prison term of two years for the offence,” to enjoy the huge balance he had in his possession.
He added that the “amount” of the sentences “is paltry, a pittance and unreasonably low.”
Justice Agim noted that it was “disproportionate to the amount stolen and therefore can comfortably and quickly be paid by the convict from the humongous amount stolen.”
He added that with the sentence, the convict would be left with “a huge balance of the stolen funds in his possession and without really causing him any pain of punishment.”
Justice Abubakar Talba of the Federal High Court in Gudu, Abuja, had in his judgment delivered on January 28, 2013 convicted Yusuf and sentenced him to two years imprisonment with an option of N750,000 fine.
Yusufu, had after pleading guilty to three of the counts preferred against him and others, was convicted and sentenced to two years imprisonment on each count with an option of paying N250, 000 fine on each of the three counts.
Although, two years imprisonment was the maximum jail term with an option of undisclosed fine prescribed as punishment by Section 309 of the Penal Code Act, under which Yusufu and his co-defendants were charged, Justice Talba ordered that the two years imprisonment imposed on the convict should run concurrently with the option of paying the N750,000 fine.
The convict had promptly paid the fine and walked free shortly after the judgment was delivered.
The Economic and Financial Crimes Commission had through its private prosecutor, Mr. Rotimi Jacobs (SAN), appealed against the High Court judgment.
Delivering the Court of Appeal’s lead judgment on the appeal on Wednesday, Justice Agim held that the considerations of the High Court in imposing the light sentence were contrary to judicially established principles.
He noted that there was no monetary value of the properties already forfeited by the convict to justify the light sentence imposed on him by the High Court.
“I hold that the sentence of fine of N250,000 in lieu of imprisonment for a term of two years for each offence is unreasonable, unjust, unfair, irrational, arbitrary, and contrary to judicially established principles as it is not the result of a judicious and judicial exercise of the trial court’s sentence discretion,” he said.
He held that considering the humungous amount stolen, the nature and gravity of the offence, its destructive effect on the country, and its impact on retired police officers, the trial court ought to have imposed a severe sentence that would deter further commission of such crime and prevent the convict from retaining any part of the proceeds of the crime.
In passing a fresh sentence on Yusufu on Wednesday, Justice Agim imposed two years imprisonment on the convict on each of the three counts and in addition a fine of N20bn on the first count, N1.4bn on the second count and N1.5bn on the third count.
Justice Agim held that while the monetary fines on each of the counts amounting to N2.9bn would “run cumulatively,” the two years jail terms on each of the three counts would run “consecutively,” giving rise to a total of six years imprisonment.
He held, “In reviewing the sentence of imprisonment with option to pay fine, as in this case, this court can vary the sentence to one of both imprisonment and fine or imprisonment without option to pay fine.
“Considering the humongous amount stolen, the nature and gravity of the crime and its destructive effect on the country and its impact on retired police officers and the grave breach of public trust, a severe sentence that would deter the further commission of such a crime and prevent the convict from retaining any part of what he stole to avoid him obtaining financial benefit from his crime should be imposed.
“The sole issue raised for determination in the appellant’s (EFCC) brief is resolved in favour of the appellant.
“On the whole, this appeal succeeds as it has merit.
“I hereby quash the sentences of two years imprisonment or a fine of N250,000 for each of the offences in counts 18, 19 and 20 and substitute them with the following sentences for each count as follows:
“Count 18: The convict is sentenced to two years imprisonment and in addition a fine of N20bn.
“Count 19: The convict is sentenced to two years imprisonment and in addition a fine of N1.4bn.
“Count 20: The convict is sentenced to two years imprisonment and in addition a fine of N1.5bn.
“The prison terms shall run consecutively and the monetary fines cumulatively.”
Expressing concerns over the plight of the retired police officers who must have been at the receiving end of the massive theft of the pension funds, Justice Agim noted, “The offence committed by the respondent, by its nature, involves a grave breach of trust, erodes public confidence in public governance and causes retired police officers hardship and suffering.
“The funds stolen or misappropriated by the convict are police pension funds for the payment of monthly pensions and other retirement benefits of police officers nationwide.
“The theft or misappropriation of over N24bn of that fund would make the prompt payment of monthly pensions to retired police officers very difficult, if not impossible, with attendant hardship and suffering inflicted on such retired officers who rely on their monthly pensions as their only means or source of sustenance in retirement.
“The hopeless, helpless and dehumanising conditions the retired police officers have been put into by this offence that has become habitual and widespread amongst government officials in pensions departments of government whose duties are to be in custody of pension funds and process the payment of gratuities, monthly pensions and other retirement benefits to retired public servants is obvious.”
Justice Abdu Aboki, who led the three-man panel, and another member of the panel, Justice Mohammed Mustapha, agreed with the lead judgment.
The Punch
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Tinubu Presents N47.9trn 2025 Appropriation Bill to NASS
President Bola Tinubu, on Wednesday, presented the proposed 2025 federal budget to a joint session of the National Assembly.
The N47.9 trillion budget saw a whopping N3.5 trillion allocated to the education sector.
Other sectors that got higher allocations include defence and security – N4.91tn, infrastructure – N4.06tn and health – N2.4tn.
“It is with great pleasure that I lay before this distinguished joint session of the National Assembly, the 2025 Budget of the National Assembly of Nigeria titled, ‘The Restoration Budget’ security peace, building prosperity,” Tinubu said as he concluded his 30-minute presentation at 1:10pm.
This budget highlights the government’s focus on improving education, healthcare, and infrastructure, in line with its ‘Renewed Hope Agenda’ aimed at boosting the economy and addressing key national priorities.
The live broadcast of the budget presentation today revealed the government’s plans for the next fiscal year. With a strong emphasis on human capital development, the president highlighted the budget’s commitment to improving the nation’s economic foundation.
Education sector receives major funding
A significant portion of the 2025 budget is dedicated to education, with N3.5 trillion allocated to the sector. President Tinubu stated that part of this funding would be directed toward infrastructure development, including support for Universal Basic Education (UBEC) and the establishment of nine new higher educational institutions.
“We have made provision for N826.90 billion for infrastructural development in the education sector,” Tinubu said.
This allocation aims to improve educational facilities and support ongoing efforts to strengthen Nigeria’s educational system.
Focus on human capital development
During the presentation, the president emphasized the importance of investing in Nigeria’s human capital. “Human capital development, our people are our greatest resource. That is why we are breaking record investment in education, healthcare, our social services,” he remarked.
Tinubu also pointed to the N34 billion already disbursed through the Nigerian Education Loan Fund (NELFUND) to assist over 300,000 students.
The budget includes continued investments in healthcare and social services as part of the broader goal of enhancing the quality of life for Nigerians.
Strengthening the economy and national security
Tinubu highlighted that the 2025 budget is designed to build a robust economy while addressing critical sectors necessary for growth and security.
“This budget reflects the huge commitment to strengthening the foundation of a robust economy, while addressing the critical sectors essential for the growth and development we envision; and secure our nation,” he said.
The budget aims to tackle key challenges and foster long-term economic stability by prioritizing infrastructure and development in key sectors.
Healthcare and social services allocations
In addition to education, Tinubu focused on the allocation for healthcare and social services. The government plans to increase investments in healthcare infrastructure and services to ensure broader access to essential healthcare for Nigerians.
These investments are part of the administration’s strategy to improve overall living conditions and enhance public health across the country.
President Tinubu’s proposed 2025 budget is said to reflect the administration’s commitment to achieving its development objectives, with a focus on economic growth, human capital development, and infrastructure improvement.
As the National Assembly reviews the budget, the president reiterated his administration’s resolve to address the nation’s most pressing needs.
Source: Nairametrics
Headline
Ghana’s President-elect Mahama Visits Tinubu in Abuja
Ghana’s President-Elect, Dr. John Dramani Mahama, a courtesy visit to President Bola Tinubu at his residence, Presidential Villa, State House on Monday.
Mahama won 56 percent of the votes in this month’s presidential election, compared to the ruling party candidate and Vice President Mahamudu Bawumia, who secured 41 percent.
The landslide comeback for former president Mahama ended eight years in power for the New Patriotic Party (NPP) under President Nana Akufo-Addo, whose last term was marked by Ghana’s worst economic turmoil in years, an IMF bailout and a debt default.
Headline
I Stand by What I Said, Kemi Badenoch Replies VP Shettima
The leader of the United Kingdom’s Conservative Party, Kemi Badenoch, has lashed back at Vice President Kashim Shettima over the latter’s reaction to her comments about Nigeria.
Badenoch was born in the UK in 1980 to Nigerian Yoruba parents.
Badenoch, who attained age 16 in Nigeria before departing the country for the UK where she was elected Conservative Party’s leader, described Nigeria as a nation brimming with thieving politicians and insecurity.
However, Shettima, while speaking at the 10th Annual Migration Dialogue at the Presidential Villa in Abuja on Monday, December 9, 2024, accused Badenoch of “denigrating her country of origin” with her remarks.
The vice-president listed influential people whose families had migrated to other countries, commending former UK Prime Minister Rishi Sunak as a “brilliant young man who never denigrated his nation of ancestry.”
Reacting on Wednesday, Badenoch lashed back at Shettima, saying she doesn’t do “PR for Nigeria”.
Her spokesperson, as the Tory leader, according to UK Express, said: “Kemi is not interested in doing Nigeria’s PR; she is the Leader of the Opposition in the UK.
“She tells the truth; she tells it like it is; she isn’t going to couch her words. She stands by what she said.”
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