The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has taken into custody one Adam Imam Yusuf, a Deputy Commandant of the Nigerian Security and Civil Defence Corps (NSCDC) in Kogi State, over alleged diversion of more than N3 billion.
Also arrested along with the NSCDC deputy commandant is a former Chief of Naval Staff (CNS), Vice Admiral Usman Jubrin (rtd).
The former CNS was alleged to have orchestrated the fraud, using retired Brigadier General Ishaya Bauka Gangum to perfect the crime.
Yusuf, who was at large until now, was taken into custody from his residence in Gwagwalada, Abuja, and is set to face prosecution.
Demola Bakare, Director, Public Enlightenment and Education/
Spokesperson for the Commission in a statement said 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.).
Bakare stated that the alleged scheme involved the diversion of public funds using 92 fictitious companies that were not registered with the Corporate Affairs Commission (CAC).
According to him, an investigation by the ICPC traced the funds to Lahab Integrated, Gate Coast Properties, and other affiliated companies, leading to the acquisition of over 18 properties, including filling stations.
Four of the 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.
