His death was confirmed by a member of his family, Alhaji Lamis Dikko.
According to him, the late police boss passed away in his house in Abuja after a protracted illness last night.
He will be buried by 2pm on Thursday in Katsina municipal.
The late MD Yusuf served as Inspector General of Police from 1976 to 1979.
Until his demise, the late Yusuf was also a politician. He headed the Grassroots Democratic Movement during the period of transition to democracy launched by General Sani Abacha in 1997–1998. The organization had a left wing orientation.
While 17 of the victims died in Kano, four died in Abuja, three in Kontagora, Niger State and one in Makurdi, the Benue State capital, while several others sustained injuries.
However, police authorities in Kano claimed only seven bodies of unknown person were discovered by their men after the celebration, Tuesday night.
An eyewitness, Ali Sufi of Naibawa quarters said three people were crushed to death at Naibawa U-turn, when a man in a Toyota Camry car lost control and rammed into those celebrating.
Sufi, further disclosed that one Sabo Ali, an ad hoc staff of communications giant, Etisalat, lost his life alongside his friend when a reckless driver knocked them down at Ungwa Uku end of Zaria Road within Kano metropolis.
Late Ali’s guardian, Mallam Idi Naibawa, confirmed that Sabo died yesterday morning at Malam Aminu Kano Teaching Hospital from injuries he sustained in the accident.
Idi Naibawa explained that “a good Samaritan, who identified Sabo’s motorcycle reported the accident, and our fear was confirmed at Yarakwa police station that rescued and took him to the hospital.
“We have accepted his death as a fulfilment of destiny and barring any hitch, Sabo would be buried before 5p.m. local time today (yesterday).”
Another resident of Naibawa quarters, Ibrahim Dogo, said that two teenagers were crushed to death along Zaria Road by a crazy driver.
Dogo said: “We received two dead bodies this morning at the Tiga Naibawa quarters and we are set to bury them.”
Reports from Hotoro also confirmed the death of six youngsters during the crazy celebration that engulfed the commercial city.
According to a resident, Masaud Badamasi, “we lost six boys to the crazy celebration last night and we are getting ready to give then a heroic burial.”
It was further learned that two persons lost their lives at Bachirawa/Kurna axis of the city, while report from Gwarzo local government indicated that two people were crushed to death by a motorist.
Kano State Police Public Relations Officer, ASP Magaji Majia, said: “We discovered seven dead bodies of unknown persons on the streets after the celebration and investigations has commenced on how and why it happened.”
He said the development had forced the command to sponsore radio jingles to sensitize the city dwellers on how to go about the victory dance.
The police spokesman revealed that Divisional Police Officers had been mandated to monitor the celebrants to minimize casualty, while victory dance lasts.
In Makurdi, it was learnt that the victims were among youths in Wadata and North Bank area, who since the announcement of the election results, had been engaged in dangerous acrobatic displays with their motorbikes around the town.
According to a source, the unidentified youth met his death at North Bank, when he fell off his motorbike in one of his displays and gave up the ghost before he could get medical attention.
The source said: “Since the announcement of the presidential results, most of the youths took over the streets, many of them that have motorbikes removed the mufflers of their bikes in other to generate much noise as they rode dangerously in the streets.
“Unfortunately, one of them fell off his bike, broke his neck and eventually died before he could get medical attention.
“The other two sustained injuries in similar circumstance, but were lucky to have survived the crash and are presently receiving treatment in a private hospital in the area.”
At press time, youths were still in the streets at Wadata and North Bank areas, celebrating the victory with many of them still displaying dangerously with their motorbikes.
Eyewitness account said the four who died in Abuja lost their lives while trying to climb the Lugbe Pedestrian bridge by Julius Berger junction with their motorcycles and fell.
In Kontagora, Niger State, the Commissioner of Police, Mr. Olusola Amore, confirmed that three supporters of All Progressives Congress, APC, were crushed by a motorist, while jubilating on the highway.
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Gov. Aliyu tasks INEC on the mode of next election
THE STOCK MARKET, which shed 8.4 per cent in the first quarter of the year, regained all the losses yesterday, as investors swooped on highly capitalised stocks, which gained the maximum daily limit of 10 per cent.
Just as THE STOCK MARKET hit a record high, the naira also appreciated by N2 to close at N215 to the dollar at bureau de change outlets in Lagos, but remained unchanged at N197 to the dollar at the interbank segment of the forex market.
Market capitalisation at the Nigerian STOCK EXCHANGE (NSE) gained N904 billion to close at N11.621 trillion, while the NSE All-Share Index (ASI) soared by 8.4 per cent, an unprecedented rally in the history of THE STOCK MARKET, to close at 34,380.14.
The value and volume of trading was equally high with investors staking N10.9 billion on 881.5 million shares.
Sixty-five stocks appreciated compared to only three that declined. Besides, 16 of the price gainers rose by over 10 per cent led by Dangote Cement Plc. Other major gainers included Lafarge Africa Plc, UAC of Nigeria Plc, Forte Oil Plc, Stanbic IBTC Bank Plc, Oando Plc, Guaranty Trust Bank Plc, Zenith Bank Plc, Nigerian Breweries Plc, United Bank for Africa Plc and FBN Holdings Plc.
A stockbroker, Mr. Mike Ezeh of Crane Securities Limited, said the market rally was expected because many institutional investors who had been holding back before the elections returned to the market to take advantage of highly discounted stocks.
“What we are seeing now will be the trend for the next few days as investors react to the successful elections and corporate results being declared.
“Many of the stocks have declined to record lows and now investors are taking advantage of those low prices,” Ezeh said.
Meanwhile, speaking on the situation in the forex market on Wednesday, currency analyst at Ecobank Nigeria, Mr. Kunle Ezun, said the market was calm, even as he confirmed the naira’s gain in the parallel market.
Ezun said the outcome of the presidential election was in line with analysts’ projections.
“The emergence of Buhari connotes positive market sentiment. A lot of people thought there would be post-election violence, but that phone call from President Jonathan completely changed the perception about Nigeria in the international market.
“Also, because of the fact that a lot of people anticipated that the dollar might fall, they are selling dollars and this is one of the reasons the naira is appreciating in the black market,” he explained.
The incoming administration led by Buhari has been advised to ensure improved collaboration between the monetary and fiscal authorities in economic management.
A report on Wednesday by Renaissance Capital Limited specifically noted that the collaboration would ensure that corruption, wastage and revenue leakages, among others, are tackled.
The report added: “Overall, our views are mixed on the implications of a Buhari victory for Nigerian banks. Investors see the asset quality risks but given where valuations are, they have been waiting for three things to justify a re-entry: a recovery in oil prices; fairer valuation of the naira, and some level of comfort on the political environment. Oil prices have recovered somewhat from their 2015 lows but remain a wild card.
“This coupled with how the election results are received, particularly in the South-south region, could in our view, provide further fillip to Nigerian banks’ share prices near term.
“We are not ignorant of the underlying asset quality risks in the system and multiple regulatory headwinds that have weakened the investment case for Nigerian banks over the past few years.”
It added: “On the asset quality front, however, we reiterate our view that the Nigerian banking system is in a much better place than in 2009.”
The kidnapping occurred 20 hours after the presidential and parliamentary elections took place.
It was gathered that the incident took place on Monday at a Floating Storage and Offloading Vessel (FSO) in Ibeno Local Government Area of Akwa Ibom State.
Sources said five indigenous personnel who were working offshore at the FSO were kidnapped by gunmen suspected to be roving militants.
A source said following the incident, the management of ExxonMobil decided to shut down operations.
According to the source, the management was scared of further invasions by the militants and related post-election violence.
“They are scared that the militants will attack them again. Since they kidnapped five oil workers at the offshore, they have been thinking that they might attack them again onshore. That is why they shut down production,” the source said.
It was equally gathered that the company’s security department had advised its management to bring all the vessels together to avert further kidnapping of personnel by the militants in the area.
“Any vessel that is actively working, Mobil should now have three anchorages so that those vessels will be under security watch.
“Each of the anchorages will not stand close to each other so that they can be under security watch in order to forestall militants coming close to the vessels,” the source added.
It was gathered that Adeniyi connived with two other suspects ─ Biodun Yusuf and one Raphael, who is still on the run ─ to abduct the victims.
It was learnt that two of the suspects were apprehended after the residents of the Alla-Isin area of Kwara State heard somebody screaming for help in Alla Grammar School at about 11pm on March 11 and rushed to the scene.
It was said that the residents could not find the victim on getting to the scene, but saw a Sienna Space Wagon bus believed to be the property of the people that attracted the residents.
Adeniyi reportedly told them that Busayo was her girlfriend and he was only trying to forcefully have sex with her when she screamed. He was said to have initially declined to reveal her whereabouts.
Police said Adeniyi and his friends were also responsible for the abduction of Bose, who was declared missing on March 19 by her father.
The herbalist, who claimed the second victim was also his girlfriend, reportedly led security operatives to their hideout, where Busayo and Bose were rescued alive.
It was learnt that the suspects were transferred from Oke-Onigbin Police Division to the Criminal Investigation and intelligence Department in Ilorin for proper investigation.
They were on Wednesday, arraigned before Mr. A.I. Babatunde of the Ilorin Magistrate’s Court for criminal conspiracy, kidnapping and homicide.
The offences, according to the prosecutor, Inspector David Wodi, contravene sections 97 and 274 of the Penal Code.
The charges read in part, “That on March 13, 2015, one Samuel Aboyeji of Baale Compound, Alla-Isin, reported at Oke-Onigbin division that on March 11, at about 11pm, they received information that somebody was screaming for help in Alla Grammar School and they mobilised themselves to the scene where they met one Akeem Adeniyi and one Biodun Yusuf with one Sienna Space Wagon bus and when they asked about the victim, Adeniyi stated that she, Busayo, was his girlfriend and she screamed when he attempted to rape her.
“On March 19, one Gabriel Neneher also reported that on March 11, his daughter, Bose, also Adeniyi’s girlfriend, is missing.
“Police investigation revealed that you, Adeniyi, a herbalist, criminally conspired with one Biodun Yusuf and one Raphael, now at large, and kidnapped Busayo and Bose to unknown destination for money ritual.”
Wodi prayed the court to remand the defendants in custody pending the completion of police investigation.
The defence counsel, A.I. Telim, however, urged the court to grant bail to his clients, relying on Section 36 (5) of the 1999 Constitution as amended, which presumed defendants innocent untill proven guilty.
Babatunde, who did not take the plea of the defendants, ordered that they be remanded in prison custody while the investigation continued.
The case was adjourned till April 15, 2015.
It was reported on March 26 that the robbers attacked four commercial banks, killing some persons.
The robbers were also said to have carted away cash, arms and ammunition.
The Commissioner of Police, Mr. Samuel Adegbuyi, who paraded the suspect at the state police headquartres in Benin, explained that the 35-year-old man was arrested after a gun battle with officers of the command, following information that the suspected robbers had fled to Ibilo in the Akoko Edo Local Government Area of the state.
“After the robbery, the hoodlums headed towards Ibilo in Edo State, where operatives of the command intercepted them in a gun battle which made some of them to flee, while Etopa Sadiq was arrested.
“Efforts are on to arrest the fleeing suspects,” Adegbuyi said.
Items said to have been recovered from the scene included seven AK47 riffles, three riot gunners, two SMG guns, two Lar riffles, four TO6 riffles, one Scorpion riffle, one Berretta riffle, Chief Revolver pistol, two pump action guns and one Tasser riffle.
Others were 23 tear gas canisters, a police ID card belonging to one Constable Akomolafe Andrew, a pair of police uniform, three police crash helmets, and a Permanent Voter Card belonging to one Tobi Ojo.
But the suspect, who hails from Kogi State, denied involvement in the robbery, alleging that he was shot by robbers and arrested by policemen on patrol, while on his way to Okene for local treatment.
Sadiq said, “I was shot by armed robbers. As I was riding my motorcycle to pick my family, I heard gunshots and I was shot in the hand.
“Some people rushed me to Adelabu Hospital in Owo and I was told that I had a fractured bone.
“So, I told them that I wanted to visit a native doctor in my town in Okene (Kogi).
“I was later discharged from the hospital. I was on my way to Okene when some policemen on the road stopped me. I opened the wound and told them that I was shot by armed robbers, but they told me to follow them to the police station. So, they brought me here; I’m not an armed robber.”