ICPC Arrests NSCDC Deputy Commandant Over Alleged N3bn Fraud

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested Deputy Commandant of the Nigerian Security and Civil Defence Corps (NSCDC), Adam Imam Yusuf, in Kogi State for his alleged involvement in diverting over N3 billion.

ICPC spokesperson Demola Bakare confirmed the arrest on Friday, stating that the commission is ramping up efforts to capture other suspects still evading arrest.

Yusuf was taken into custody at his residence in Gwagwalada, Abuja, and is expected to face prosecution. The anti-graft agency’s investigation revealed that a former Chief of Naval Staff, Vice Admiral Usman Jibrin (rtd.), allegedly masterminded the fraud, working through Yusuf and former Brigadier-General Ishaya Bauka Gangum (rtd.).

The scheme involved the diversion of public funds through 92 fictitious companies, none of which were registered with the Corporate Affairs Commission (CAC). The funds were traced to entities like Lahab Integrated and Gate Coast Properties, along with other affiliated companies, which were used to acquire over 18 properties, including filling stations.

So far, four of these properties have been forfeited to the government, with legal proceedings ongoing for the remaining assets.

The ICPC continues to intensify its efforts to apprehend the remaining suspects involved in the fraud.