The Independent Corrupt Practices & Other Related Offences Commission (ICPC) has arrested the Commandant, Nigerian Security and Civil Defence Corps (NSCDC), Akwa Ibom, Adam Yusuf, over alleged N 3 billion Naira fraud involving retired Chief of Naval Staff, Vice Admiral Usman Jibrin.
Spokesperson for the ICPC, Demola Bakare, said this in a statement on Friday in Abuja.
Bakare said Yusuf, a former deputy commandant in Kogi State before his elevation to commandant, had been evading arrest, adding that he has been arrested from his residence in Gwagwalada, Abuja, by operatives of the commission, and was set to face prosecution.
“Investigations by the ICPC revealed that retired Chief of Naval Staff, Vice Admiral Usman Jibrin, allegedly orchestrated the fraud through Yusuf and retired Brig.-Gen. Ishaya Gangum.
“The alleged scheme reportedly involved the diversion of public funds using 92 fictitious companies that were not registered with the Corporate Affairs Commission (CAC).
“The funds were traced to Lahab Integrated, Gate Coast Properties, and other affiliated companies, leading to the acquisition of over 18 properties, including filling stations,’’ he said.
He said that four of these properties had been forfeited to the government so far, while legal proceedings continue over the remaining assets.
According to him, with the arrest of Yusuf, the ICPC is also intensifying efforts to apprehend other suspects at large.
