Alleged N3bn fraud : ICPC arrests top NSCDC officer in Abuja

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has apprehended Adam Yusuf, a Deputy Commandant of the Nigerian Security and Civil Defence Corps (NSCDC) serving in Kogi State, in connection with the alleged misappropriation of over N3 billion.

In a statement released by the commission, Yusuf was arrested at his residence in Gwagwalada, Abuja, and will face prosecution.

“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.),” the commission disclosed.

The ICPC further stated that the fraudulent activities involved the diversion of public funds through 92 fictitious companies, none of which were 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 statement read.