ICPC arrests NSCDC deputy commandant, former Navy Admiral over alleged ₦3bn fraud
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has taken a Deputy Commandant of the Nigerian Security and Civil Defence Corps in Kogi State, Adam Yusuf, into custody over allegations of corruption.
In a statement issued on Friday, ICPC spokesperson Demola Bakare said Yusuf, who had been evading authorities, was apprehended at his residence in Gwagwalada, Abuja, and is now set to face prosecution.
The commission revealed that its operatives uncovered a sophisticated scheme allegedly orchestrated by a retired Chief of Naval Staff, Vice Admiral Usman Jibrin, alongside former Brigadier General Ishaya Bauka Gangum.
According to the ICPC, the scheme reportedly involved the illegal diversion of over ₦3 billion in public funds through 92 fictitious companies.
The statement read, “Investigations by the ICPC uncovered a sophisticated scheme allegedly masterminded by retired Chief of Naval Staff, Vice Admiral Usman Jibrin, alongside former Brigadier General Ishaya Bauka Gangum.
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“The scheme reportedly involved the illegal diversion of over ₦3 billion in public funds through 92 fictitious companies, none of which were registered with the Corporate Affairs Commission (CAC).
“Further investigations led authorities to trace the laundered funds to companies such as Lahab Integrated and Gate Coast Properties, among others. The illicit proceeds were allegedly used to acquire over 18 properties, including multiple filling stations.
“So far, four of these properties have been forfeited to the government, while legal proceedings are ongoing regarding the rest. The ICPC has also vowed to intensify efforts to track down other suspects still at large.”
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