Nigerian who stole $145M pays fine to avoid prison

Published January 28, 2013 6:29pm ET



ABUJA, Nigeria (AP) — A man who formerly helped oversee Nigeria’s police pension program pleaded guilty Monday to stealing $145 million, but walked out of court a free man after agreeing to a plea bargain that saw him pay only a fraction of it back.

The plea deal given to John Yakubu Yusufu and read out in court sparked immediate anger across Nigeria, a nation where many feel government officials pilfer pension funds and oil revenue without any fear of prosecution. Yusufu will pay only a $14,000 fine, forfeit some properties and pay about $2 million in restitution, something that the nation’s top anti-corruption agency immediately criticized.

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