John Yakubu Yusufu, the former director of pension in the Police Affairs Ministry who was convicted on Monday but was given an option of fine, has been re-arrested by operatives of the Economic and Financial Crimes Commission (EFCC).
He will be arraigned on Wednesday before the Federal High Court on fresh charges of over N300m fraud.
Embattled Yusufu, who was jailed for two years on Monday by an Abuja High Court Judge, Justice Abubakar Talba, over his role in the N38bn Police Pension Fund fraud, was picked up by the anti-graft agency the same day he arrived 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 Justice Abubakar Talba was short lived as EFCC operatives whisked him away to their Tunde Idiagbon House in Abuja.
According to sources close to the EFCC Legal Team, the convict will face a fresh four-count charge.
In the fresh four-count criminal charge, the convicted former federal director is being accused of false declaration of assets, contrary to Section 27(3) of the Economic and Financial Crimes Commission (EFCC) Act 2004.
He was also accused of keeping N250m in a private company, SY-A Global Services Ltd, floated in the name of his family members as directors, and also of failing to disclose the asset in his assets declaration form.
The money was alleged to have been 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 N10m in his private company bank account at First Bank where he was the sole signatory.
He was alleged to have fixed another N29m in another bank account and failed to disclose his interest in his assets declaration form.
EFCC Lead Lawyer Mr. Rotimi Jacob (SAN) confirmed that necessary steps have been taken and that the accused person will be docked in Abuja today.
The former pension Director had on Monday forfeited 32 different properties to the Federal Government as produce of fraud in addition to about N400m 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.
