Economic and Financial Crimes Commission (EFCC) Re-arrests convicted pension director Faces another N300m fraud charges today.

News on Top Twenty fours after escaping jail, the former director of pension in the Police Affairs Ministry, Abuja, Mr. John Yakubu Yusufu has been re-arrested by the operatives of the Economic and Financial Crimes Commission (EFCC) on fraud related matters. He would be arraigned in a Federal High Court today on a fresh N300 million fraud charges by the anti-graft agency.
Daily Sun learnt that the embattled Yusufu who was jailed two years on Monday by an Abuja High Court judge, Justice Abubakar Talba over his roles in the N23.3 billion police pension fund was picked up by the anti-graft agency the same day upon his arrival at his residence. EFCC sources said yesterday in Abuja that the joy of the family of the convicted director upon the option of fine granted him by Mr. Justice Abubakar Talba was short- lived as EFCC operatives whisked him away and detained him at their Tunde Idiagbon House in Abuja.
By yesterday, the EFCC legal team confirmed at the Federal High Court premises that the convict was re-arrested on Monday in connection with another fraud. It was gathered that a four-count criminal charge had already been filed against him preparatory for his arrangement in a Federal High Court today. The convicted former director was accused of false declaration of assets contrary to Section 27(3) of
the Economic and Financial Crimes Commission Act 2004. He was also accused of keeping N250 million in a private company SY-A Global Services Ltd floated in the name of his family members as directors and refused to disclose the asset in his asset declaration form.
It was alleged that the money was fixed in an account with Zenith Bank. In the new criminal charge signed by Mr. Chile Okoroma, EFCC director of legal services, the former pension director was also accused of fixing another N10 million in his private company bank account at First Bank where he was the sole signatory.
The convict was also alleged to have fixed another N29 million in another bank account and failed to disclose his interest in his asset declaration form. EFCC lawyer Mr. Rotimi Jacobs (SAN) confirmed that necessary steps had been taken and that the accused person would be docked in Abuja today.
The former pension director had on Monday forfeited 32 different properties to the Federal Government in addition to about N400 million cash in a bank account traced to him. His conviction by Justice Abubakar Talba of the Abuja High Court followed his admission of guilt to the criminal charges brought against him under Section 309 of the Penal Code.