• Contact Us
  • About
  • Advertise
  • Privacy & Policy
Friday, November 14, 2025
  • Login
E3P Motor Insurance
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
No Result
View All Result
Business Post
No Result
View All Result
Home Pension

N22bn Pension Fraud: Supreme Court Affirms Six Year Prison For Federal Director Of Pension

Staff Reporter by Staff Reporter
April 13, 2022
in Pension
0 0
0
N22bn Pension Fraud: Supreme Court Affirms Six Year Prison For Federal Director Of Pension

Former Federal Director of prison, John Yakubu.

0
SHARES
81
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

The Supreme Court has sealed the six years prison term on a former Federal Director of Pensions, Mr John Yakubu, and also ordered him to refund the sum of N22.9bn to the Federal Government.

The N22.9bn was part of the police pension fund he misappropriated and admitted before a High Court of the Federal Capital Territory (FCT).

Justice Tijjani Abubakar in the judgment upheld the decision of the Court of Appeal which in 2018 sent him to six years in prison in addition to the refund of the sum. 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 and devoid of merit.

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

The former pensions director, who is serving the six years jail term at the Kuje correctional facility, also asked the Supreme Court to set aside a whopping sum of N22.9bn he was ordered to refund to the government treasury 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 through police pensions. (Channels TV)

Previous Post

UNDP And Generali Partner On Digitally Enabled Parametric Insurance Solutions

Next Post

Swiss Re Secures Protection From Severe Underwriting Losses With Hybrid Capital

Staff Reporter

Staff Reporter

Related Posts

Awards Drenched Leadway Pensure Exceeds Target, Records 25% Growth In 2023
Pension

Leadway Pensure PFA Celebrates 20 Years of Trust, Service and Innovation

November 6, 2025
PenCom, NAICOM Direct Insurance Firms to Stop Business With Defaulting Employers
Insurance

PenCom, NAICOM Direct Insurance Firms to Stop Business With Defaulting Employers

November 5, 2025
PenOp
Pension

What Happens to Pension Benefits When a Contributor Dies?

October 31, 2025
Next Post
Swiss Re Releases Capital By Selling £437m Phoenix Shares

Swiss Re Secures Protection From Severe Underwriting Losses With Hybrid Capital

Please login to join discussion
NEM INSURANCE NEM INSURANCE NEM INSURANCE
  • Trending
  • Comments
  • Latest
Loss Adjusters Receive Charge To Match Speed Of New Developments

Loss Adjusters Receive Charge To Match Speed Of New Developments

April 27, 2024
tope smart NIA former chairman

Insurance Milestone: A Beacon To Follow

April 3, 2022
Custodian Investment To Acquire 51% Stake In UACN Property

Penetration: Operators Call For Insurance-In-Action

November 2, 2022
NCRIB And Universal In Pictures

NCRIB And Universal In Pictures

May 4, 2024
Buyer Power Grows Ahead of 2026 Reinsurance Renewals

Reinsurance Rates May Increase Into 2022, But Momentum To Wane: Fitch

September 19, 2025
ncrib logo

NCRIB Sets The Stage For Adaramola’s Tenure

June 7, 2023
Preferred PenCom Logo

PenCom Board Crafted To Hedge Setback

February 1, 2021
Linkage Assurance Aligns With Brokers For Growth

Linkage Assurance Aligns With Brokers For Growth

December 6, 2021
PTAD Wipes 21,227 Parastatals Pensioners From Payroll

PTAD Wipes 21,227 Parastatals Pensioners From Payroll

January 31, 2021
Preferred PenCom Logo

PenCom Board Back-To-Work Pass, Gets Tick Over

May 4, 2025
Anchor MD Loses Father

Anchor MD Loses Father

2
Regulators Clear Guinea Insurance  For Private Placement

Regulators Clear Guinea Insurance For Private Placement

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Inaugurates Discount Rate Committee To Ease Insurance Contracts Under IFRS 17

2
Insurance Mastercard Joe Irukwu Passes On

Insurance Mastercard Joe Irukwu Passes On

2
AIICO Head office

Car Insurance Takes A New Turn With AIICO, ETAP ‘Redefine Partnership’

2
Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

2
Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

2
Loss Adjusters Receive Charge To Match Speed Of New Developments

Loss Adjusters Receive Charge To Match Speed Of New Developments

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

Federal Government & NAICOM Working On New Guidelines For Insuring Government Assets

2
SanlamAllianz Nigeria Wins FiBOP’s Africa’s Most Visible Insurance Company Award

SanlamAllianz Nigeria Wins FiBOP’s Africa’s Most Visible Insurance Company Award

November 14, 2025
Interior Ministry, NAICOM Support Insurance For Repatriation Expenses, Urge Government Transfer Certain Liabilities to Insurers

Interior Ministry, NAICOM Support Insurance For Repatriation Expenses, Urge Government Transfer Certain Liabilities to Insurers

November 14, 2025
Three Quarters of SMEs Unprotected Against Everyday Risks

Three Quarters of SMEs Unprotected Against Everyday Risks

November 11, 2025
Bala Zakariyau Upticks NAIPE For Recognising His Imprints in Insurance Industry

Bala Zakariyau Upticks NAIPE For Recognising His Imprints in Insurance Industry

November 11, 2025

Image Spin: Presidential Committee on Fiscal Policy & Tax Reforms Joins Drum Beat For Insurance Industry Transformation

November 11, 2025
Comptroller Rallies Stakeholders to Eliminate Encumbrances, Advance Customs Objectives

Comptroller Rallies Stakeholders to Eliminate Encumbrances, Advance Customs Objectives

November 7, 2025
Half Year Claims Obligation, Sovereign Trust Pays N1.6bn

STI Boss Preaches Caution And Safety Consciousness in The Ember Month

November 7, 2025
Awards Drenched Leadway Pensure Exceeds Target, Records 25% Growth In 2023

Leadway Pensure PFA Celebrates 20 Years of Trust, Service and Innovation

November 6, 2025
Nigeria’ Government Commits to Make Insurance Pillar of Financial Ecosystem

Nigeria’ Government Commits to Make Insurance Pillar of Financial Ecosystem

November 6, 2025
PenCom, NAICOM Direct Insurance Firms to Stop Business With Defaulting Employers

PenCom, NAICOM Direct Insurance Firms to Stop Business With Defaulting Employers

November 5, 2025
ADVERTISEMENT

Recent News

SanlamAllianz Nigeria Wins FiBOP’s Africa’s Most Visible Insurance Company Award

SanlamAllianz Nigeria Wins FiBOP’s Africa’s Most Visible Insurance Company Award

November 14, 2025
Interior Ministry, NAICOM Support Insurance For Repatriation Expenses, Urge Government Transfer Certain Liabilities to Insurers

Interior Ministry, NAICOM Support Insurance For Repatriation Expenses, Urge Government Transfer Certain Liabilities to Insurers

November 14, 2025
Three Quarters of SMEs Unprotected Against Everyday Risks

Three Quarters of SMEs Unprotected Against Everyday Risks

November 11, 2025
Bala Zakariyau Upticks NAIPE For Recognising His Imprints in Insurance Industry

Bala Zakariyau Upticks NAIPE For Recognising His Imprints in Insurance Industry

November 11, 2025

Image Spin: Presidential Committee on Fiscal Policy & Tax Reforms Joins Drum Beat For Insurance Industry Transformation

November 11, 2025
Comptroller Rallies Stakeholders to Eliminate Encumbrances, Advance Customs Objectives

Comptroller Rallies Stakeholders to Eliminate Encumbrances, Advance Customs Objectives

November 7, 2025
Half Year Claims Obligation, Sovereign Trust Pays N1.6bn

STI Boss Preaches Caution And Safety Consciousness in The Ember Month

November 7, 2025
Awards Drenched Leadway Pensure Exceeds Target, Records 25% Growth In 2023

Leadway Pensure PFA Celebrates 20 Years of Trust, Service and Innovation

November 6, 2025
Nigeria’ Government Commits to Make Insurance Pillar of Financial Ecosystem

Nigeria’ Government Commits to Make Insurance Pillar of Financial Ecosystem

November 6, 2025
PenCom, NAICOM Direct Insurance Firms to Stop Business With Defaulting Employers

PenCom, NAICOM Direct Insurance Firms to Stop Business With Defaulting Employers

November 5, 2025
NIIRA Implementation Working Groups Move Into Action Mode to Advance Insurance Sector Reforms

NIIRA Implementation Working Groups Move Into Action Mode to Advance Insurance Sector Reforms

November 5, 2025
UK Risks Falling Behind in Race to Net Zero, Warns BCC

UK Risks Falling Behind in Race to Net Zero, Warns BCC

November 3, 2025
The Access Bank (UK) Limited to Acquire Mauritius-based AfrAsia Bank Limited

Access Holdings Records N3.9 Trillion Gross Earnings in Nine Months

October 31, 2025
PenOp

What Happens to Pension Benefits When a Contributor Dies?

October 31, 2025
NEM Insurance NEM Insurance NEM Insurance
Business Post

We connect brands with buyers and sellers of insurance, pension and also project insurance and allied Businesses to the trending generation. We help the various public to adapt to the constant changes as it would impact, and also enable advertisers to connect, engage and target opportunities on line , in print and in person.

Browse by Category

  • Business Unlimited
  • Feature
  • Insurance
  • News
  • OIL & ENERGY
  • Pension
  • Travel
  • Uncategorized

Recent News

SanlamAllianz Nigeria Wins FiBOP’s Africa’s Most Visible Insurance Company Award

SanlamAllianz Nigeria Wins FiBOP’s Africa’s Most Visible Insurance Company Award

November 14, 2025
Interior Ministry, NAICOM Support Insurance For Repatriation Expenses, Urge Government Transfer Certain Liabilities to Insurers

Interior Ministry, NAICOM Support Insurance For Repatriation Expenses, Urge Government Transfer Certain Liabilities to Insurers

November 14, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 BusinessPost

No Result
View All Result
  • Home
  • Insurance
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Contact Us
  • About
  • Advertise
  • Privacy & Policy

© 2023 BusinessPost

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In