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Alleged N32.8bn Fraud: S’Court Decides Ex-Pension DG’s Fate, April 22
The Supreme Court has fixed April 22 for final judgment in an appeal filed by a former Federal Director of Pension, Mr John Yusuf, challenging his six years imprisonment by the Court of Appeal.
Yusuf, who was twice convicted by the court, is also contesting an order of the Court of Appeal, Abuja division that he should refund to the Federal Government N22.9billion he admitted to have been diverted for personal use.
Justice Mohammed Musa Dattijo, who led a 5-man panel of Justices of the Supreme Court, fixed the date after taking arguments from counsel to the Federal Government, Mr Oluwaleke Atolagbe and Theodore Maiyaki, who stood for the jailed director of pension.
John Yakubu, who is the appellant, is praying the Supreme Court to set aside a judgment of the Court of Appeal in Abuja which sentenced him to six cumulative years of imprisonment and also ordered him to refund N22.9billion to the Federal Government.
The former director of pension had at a high court of the Federal Capital Territory FCT in a plea bargain arrangements admitted diverting to personal use, N22.9billion being pension fund entrusted to him by the Federal Government.
His admission of guilt at the high court followed a 3-count criminal charge bothering on breach of trust, diversion of N32.8billion pension fund among others, brought against him by the Federal Government.
He was on January 28, 2013 subsequently jailed two years by Justice AbubakarTalba but granted an option of N750,000 fine in lieu of the imprisonment.
However, upon an appeal by the Economic and Financial Crimes Commission (EFCC), the Court of Appeal on March 21, 2018, reversed the high court judgment and nullified it.
The Appeal Court stressed that the sentence of the high court did not serve as deterrence to both the convict and others.
In its place, the Court of Appeal imposed a jail term of six years on him, and also ordered him to return N22.9billion to the Federal Government as the complainant.
However, in his appeal at the Supreme Court, Yusuf who is currently serving six years jail term at Kuje prison argued that the Court of Appeal in Abuja was too harsh in its judgment against him.
He asked the apex court to void the judgment so as not to make him suffer double jeopardy.
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RHI, RSG Empower 500 Senior Citizens In Rivers
The Renewed Hope Initiative in conjunction with the Rivers State Government has empowered 500 elderly citizens in Rivers State with financial support of N200,000 each.
The empowerment programme was part of activities to celebrate the third anniversary of the Renewed Hope Initiative Elderly Support Scheme RHIESS, a social investment policy initiated by the First Lady of the Federal Republic of Nigeria, Senator Oluremi Tinubu.
Speaking at the event which held at the Government House, Port Harcourt, recently, under the theme, ‘Finding Joy in Old Age,’ Senator Tinubu said the gesture which has become traditional since 2023 was a mark of gratitude in recognition of the invaluable contributions of the senior citizens to nation building.
The First Lady who was represented by the wife of the Rivers State Governor and State Coordinator of the Renewed Hope Initiative, Lady Valerie Fubara, said the scheme was to “support two hundred and fifty (250) vulnerable elderly citizens aged 65 and above in all the 36 states of the federation, the Federal Capital Territory, and veterans from the Defence and Police Officers’ Wives Association (DEPOWA) totalling 9,500 selected beneficiaries across the nation.
She urged the beneficiaries to engage in activities that will make them find joy in old age.
“I encourage you to continue playing your part by staying healthy and active, nurture both your body and mind through regular exercise and meaningful engagement,” Senator Tinubu advised.
On her part, Lady Fubara said the State Government through the magnanimity of the governor, Sir Siminalayi Fubara, has increased the beneficiaries of the programme from 250 to 500.
She restated the commitment of the State Government towards provision of social welfare and improving the standard of living of the elderly in the State.
Also speaking, the Executive Secretary, Rivers State Contributory Health Protection Programme (RIVCHPP), Dr Vetty Agala, said the State Government has through the Health4allrivers Initiative, introduced free medical care for senior citizens in the State, in line with the Renewed Hope Initiative.
News
Expedite Action On MBA Forex Operator’s Prosecution, Rivers NUJ Tells EFCC
The Nigeria Union of Journalists (NUJ), Rivers State Council, has urged the Economic and Financial Crimes Commission (EFCC) to expedite the prosecution of the Director of the now distressed MBA Forex Trading, Mr. Maxwell Odum, in the interest of justice.
The Rivers State NUJ made the appeal during a courtesy visit to the EFFC’s Ag. Zonal Director, ACE Hassan Saidu, in Port Harcourt, recently.
The council’s chairman, Comrade Paul Bazia, said the appeal became imperative after it considered the number of Nigerians and others involved in the financial misconduct.
According to him, it has caused hardship among many households in the country and should be given the attention it deserves.
He said that investors cannot come into a country or invest in an economy or nation ridden with fraud.
This, he said, has made it more imperative to arrest, prosecute and convict alleged fraudsters like the MBA Forex Director, who is alleged to have defrauded thousands of unsuspecting Nigerians, to serve as a deterrent to others.
The chairman also requested that while the trial lasts, part of the swindled funds should be given to the victims that suffered loss and trauma as a result of the fraud.
The NUJ reiterated its resolve to change the narrative of reportage from crisis to developmental communication.
According to him, the NUJ’s main focus is blue economy and tourism.
He expressed the readiness of the Council to partner the agency in the area of information dissemination.
“We believe you have a responsibility to fight financial crimes. We also know that you need the Press to publicize your activities and NUJ can provide that,” he said.
Responding, the Zonal EFFC’s boss commended the NUJ’s vision to change the narrative of reporting from crisis to developmental communication.
According to Saidu, the Western world have since imbibed such culture, hence the negative stories about them are carefully sifted to allow only positive ones to be released to the outside world.
As for the trapped funds to be released, the EFCC Zonal Director stated that only the court can authorize such action, stressing that the primary responsibility of the Commission is to arrest and prosecute.
He pledged to partner with the NUJ now that the leadership has visited the Commission.
The Head of the Legal & Prosecution Department, DCE Odiase Stephen, corroborated the Zonal Director’s position and stressed that it was only when the matter has been determined by the court that such funds can be released.
He further stated that once a matter is before a court of competent jurisdiction, it cannot be discussed outside.
By: King Onunwor
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