ICPC arrests NSCDC Deputy Commandant, ex-Chief of Naval Staff for N3bn fraud

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 State, Adam Yusuf, over the alleged diversion of over N3 billion.

The ICPC spokesperson, Demola Bakare, disclosed this in a statement on Friday, February 7, 2025.

Bakare noted that the NSCDC Deputy Commandant, who was at large until now, was arrested at his residence in the Gwagwalada area of Abuja and is set to face prosecution.

He stated that ICPC investigations revealed that former Chief of Naval Staff, Vice Admiral Usman Jibrin (rtd.), allegedly orchestrated the fraud through Yusuf and former Brigadier General Ishaya Bauka Gangum (rtd.).

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Bakare said: “The alleged scheme reportedly involved the 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 is also intensifying efforts to apprehend other suspects at large.”

The Star