JUST IN: S’Court affirms six-year jail term for ex-pension director, John Yusuf over N22.9bn fraud

The N22.9b huge sum was part of the police pension fund he admitted before a High Court of the Federal Capital Territory FCT to have been misappropriated.

The apex court held that Yusuf and others engaging in fraudulent practices must be told through court judgments that it is no longer business as usual.

Justice Abubakar said that the appeal of the former federal pension Director seeking to set aside the six years jail term against him was frivolous, vexatious and devoid of merit.

He further held that victims of the convicted Director deserved restitution which can only be achieved through justice.

Yusuf had dragged the Federal Government before the apex court seeking to overturn the six years imprisonment slammed on him by the Court of Appeal.

The former pensions director, who is serving the six years jail term at the Kuje prison, also asked the Supreme Court to set aside the whopping sum of N22.9 billion naira he was ordered to refund the government by the Court of Appeal in a 2018 judgment.

He was sent to prison in 2018 by the Court of Appeal in Abuja upon being found guilty of defrauding the Federal Government to the tune of N22.9 billion naira through Police Pensions.

In his appeal lodged with the Supreme Court, he prayed the apex court to set aside his conviction and the order that he should refund N22.9b.

His main grouse is that the the Court of Appeal mis-carried justice in its judgment.