By Olawale Lamina
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, over alleged diversion of more than N3 billion.
A statement by the Director, Public Enlightenment and Education/Spokesperson for the Commission, Mr. Demola Bakare, fsi,made available to The Pinnacle Times informed that Yusuf, who was at large until now, was taken into custody from his residence in Gwagwalada, Abuja, and is set to face prosecution.
The statement added that the ICPC investigations indicated how former Chief of Naval Staff, Vice Admiral Usman Jibrin (rtd.), allegedly orchestrated the fraud through Yusuf and former Brigadier General Ishaya Bauka Gangum (rtd.).
According to the anti-graft commission, the alleged scheme reportedly involved the diversion of public funds using 92 fictitious companies that were not registered with the Corporate Affairs Commission (CAC).
An investigation by the ICPC traced these funds to Lahab Integrated, Gate Coast Properties, and other affiliated companies, leading to the acquisition of over 18 properties, including filling stations.
The statement further revealed that four of the listed properties had been forfeited to the government so far, while legal proceedings continue over the remaining assets.
The ICPC has assured of intensifying efforts to apprehend other suspects connected to the matter still at large.
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