The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested Adam Imam Yusuf, a Deputy Commandant of the Nigerian Security and Civil Defence Corps (NSCDC) in connection to a N3 billion public fund diversion.
The anti-graft agency announced Yusuf’s arrest on Friday.
The ICPC revealed that its investigation showed that Usman Jibrin, a former Chief of Naval staff, orchestrated the theft through Yusuf and Ishaya Bauka Gangum, a retired brigadier of the Nigerian Army.
READ ALSO: Witness Tells Court He Converted N22bn to USD for Ex-Minister Mamman Without Power Ministry Contract
The ICPC’s investigation further revealed that the three civil servants orchestrated the diversion by using 92 companies fake companies that were not registered with the Corporate Affairs Commission (CAC).
The agency also said that Yusuf was at large before he was arrested in his residence in Abuja and then taken into custody.
Some of the stolen funds were traced to Lahab Integrated, Gate Coast Properties and other companies. The trio acquired 18 properties, including filling stations, through these companies.
READ ALSO: WITNESS: Ex-Minister Mamman Used N33.8b Mambilla Project Funds to Buy Abuja Properties
Of the properties they bought with the stolen funds, four have been forfeited to the Federal Government.
The ICPC stated that other suspects in the case were at large.
In 2023, while Jibrin was still in active service in the Navy, he was sued by the Economic and Financial Crimes Commission (EFCC) for his alleged involvement in a N600 million fraud case related to the purchase of a house worth millions of naira.
The post ICPC Arrests NSCDC Deputy Commandant Adam Yusuf Over N3bn Fraud appeared first on Foundation For Investigative Journalism.