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 Imam Yusuf, over allegations of diverting more than N3 billion in public funds.
According to a statement by ICPC spokesperson Demola Bakare, Yusuf, who had been on the run, was apprehended at his residence in Gwagwalada, Abuja. He is now in custody and will face prosecution.
ICPC’s investigation reportedly uncovered that the alleged fraud was orchestrated by former Chief of Naval Staff, Vice Admiral Usman Jibrin (retd), in collaboration with Yusuf and Brigadier General Ishaya Bauka Gangum (retd). The scheme is said to have involved the diversion of funds through 92 fictitious companies that were not registered with the Corporate Affairs Commission (CAC).
Further inquiries traced the laundered funds to several entities, including Lahab Integrated and Gate Coast Properties, leading to the acquisition of over 18 properties, such as filling stations. So far, four of these properties have been forfeited to the government, while legal proceedings continue for the remaining assets.
The anti-corruption agency has also intensified efforts to apprehend other suspects still at large.
