N3 Billion fraud: ICPC arrests NSCDC officer, ex-naval chief

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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 Kogi State, for allegedly diverting over N3 billion public fund.

Yusuf, who had been on the run, was caught at his home in Gwagwalada, Abuja.

Information available to Nigerian Anchor indicate that Yusuf and his co-travelers will soon be charged to court.

Investigations by ICPC linked former Chief of Naval Staff, Vice Admiral Usman Jibrin (rtd.), and former Brigadier General Ishaya Bauka Gangum (rtd.) to the case. 

The funds were allegedly misused through 92 unregistered companies.

Some of the diverted money was traced to Lahab Integrated, Gate Coast Properties, and other firms.

 These funds were reportedly used to acquire more than 18 properties, including filling stations.

So far, four of these properties have been seized by the government, while legal action continues on the rest.

ICPC spokesperson Demola Bakare confirmed the arrests in Abuja and said efforts are ongoing to track down other suspects still at large.

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