ICPC Arrests NSCDC Deputy Commandant Over Alleged N3bn Fraud
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested Adam Imam Yusuf, the Deputy Commandant of the Nigerian Security and Civil Defence Corps (NSCDC), in Kogi State for allegedly diverting over N3 billion.
ICPC spokesperson, Demola Bakare, confirmed the arrest on Friday and added that the commission is intensifying efforts to apprehend other suspects still on the run.
Yusuf was arrested at his Gwagwalada, Abuja residence and is set to face prosecution. The ICPC’s investigation revealed that the fraud was orchestrated by former Chief of Naval Staff, Vice Admiral Usman Jibrin (rtd.), with the involvement of former Brigadier General Ishaya Bauka Gangum (rtd.).
The fraudulent scheme allegedly involved the diversion of public funds through 92 fictitious companies that were not registered with the Corporate Affairs Commission (CAC). The diverted funds were traced to entities like Lahab Integrated and Gate Coast Properties, leading to the acquisition of over 18 properties, including filling stations.
As of now, four of these properties have been forfeited to the government, while legal proceedings continue regarding the remaining assets. The ICPC is continuing its efforts to apprehend the remaining suspects linked to the fraud.
