The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested a Deputy Commandant of the Nigerian Security and Civil Defence Corps (NSCDC) in Kogi, Adam Imam Yusuf, over allegation of diversion of more than N3 billion.
ICPC spokesman Demola Bakare informed in a press release he signed and made available to Tribune Online today in Abuja that Yusuf, who was at large until now, was taken into custody from his residence in Gwagwalada, Abuja and is set to face prosecution.
According to Bakare, ICPC investigations revealed that former Chief of Naval Staff, Vice Admiral Usman Jibrin (retd), allegedly orchestrated the fraud through both Yusuf and Brigadier General Ishaya Bauka Gangum (retd).
He stated that the alleged scheme reportedly involved diversion of public funds using 92 fictitious companies that were not registered with the Corporate Affairs Commission (CAC).
“An investigation by the ICPC traced these funds to Lahab Integrated, Gate Coast Properties, and other affiliated companies, leading to the acquisition of over 18 properties, including filling stations.
“Four of these properties have been forfeited to the government so far, while legal proceedings continue over the remaining assets, the ICPC spokesperson stated.
He added that the anti-graft agency is intensifying efforts to apprehend other suspects at large.
