The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested Usman Jibrin, a former Chief of Naval Staff, and Adam Imam Yusuf, a Deputy Commandant of the Nigerian Security and Civil Defence Corps (NSCDC) in Kogi State, over an alleged diversion of more than N3 billion.
Jibrin, who served as Chief of Naval Staff between 2014 and 2015, is accused of orchestrating the fraud in collaboration with Yusuf and former Brigadier General Ishaya Bauka Gangum (rtd.).
According to the ICPC, the scheme involved siphoning public funds using 92 fictitious companies that were not registered with the Corporate Affairs Commission (CAC).
In a statement signed by Demola Bakare, the commission’s Director of Public Enlightenment and Education, the ICPC confirmed that Yusuf, who had been on the run, was arrested at his residence in Gwagwalada, Abuja. He is now set to face prosecution.
According to the commission, investigations linked the diverted funds to several entities, including Lahab Integrated and Gate Coast Properties, leading to the acquisition of over 18 properties, including filling stations.
“So far, four of these properties have been forfeited to the government, while legal proceedings continue over the remaining assets”, it added.
The ICPC stated that efforts are ongoing to apprehend other suspects involved in the case.
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