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.
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