ICPC arrests NSCDC commandant over N3 billion fraud involving ex-naval chief
The ICPC has arrested Adam Yusuf, a Nigerian Security and Civil Defence Corps (NSCDC) commandant in Akwa Ibom, over an alleged N3 billion fraud involving retired Chief of Naval Staff, Vice Admiral Usman Jibrin.
Demola Bakare, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) spokesperson, said this in a statement on Friday in Abuja.
Mr Bakare said Mr Yusuf, a former deputy commandant in Kogi before his elevation to commandant, had been evading arrest.
He said Mr Yusuf had now been taken into custody from his residence in Gwagwalada, Abuja, by operatives of the commission and was set to face prosecution.
“Investigations by the ICPC revealed that retired Chief of Naval Staff, Vice Admiral Usman Jibrin, allegedly orchestrated the fraud through Yusuf and retired Brig.-Gen. Ishaya Gangum.
“The alleged scheme reportedly involved the diversion of public funds using 92 fictitious companies that were not registered with the Corporate Affairs Commission (CAC).
“The funds were traced to Lahab Integrated, Gate Coast Properties, and other affiliated companies, leading to the acquisition of over 18 properties, including filling stations,’’ he said.
He said four of these properties had been forfeited to the government while legal proceedings continue over the remaining assets.
According to him, with the arrest of Mr Yusuf, the ICPC is also intensifying efforts to apprehend other suspects at large.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
World
CNN, MS NOW, Politico to sue White House over Trump ban
Mr Trump last week banned journalists from CNN, Politico and MS NOW from covering him at the White House, citing unfavourable coverage of him and his administration.
Heading 5
Wike defends Rainbow Coalition, says Tinubu’s re-election remains major political priority
“My primary concern is whether Tinubu will be re-elected for a second term, and I am going to support Mr President with all my might and strength,” he said.
Politics
Edo Senatorial Ticket: Court to deliver judgment in ex-lawmaker’s suit against NDC November 26
Mr Agbonayinma filed the suit, challenging the NDC’s alleged unlawful substitution of his name with those of Osayuki Asemota and Sunday Aguebor.
Education
Afri-mission returns 178 vulnerable children to school
The group said some beneficiaries were displaced persons whose parents had lost their livelihoods, while others were children of widows who could not afford to send them to school.
Economy
CBN’s monetary policy committee likely to reduce lending rate by 50 basis points, says financial expert
Mr Uwaleke said reducing the MPR by 50 basis points will be justified by moderating inflation, exchange rate stability, and improved FX market liquidity.
Economy
Oando shareholders back Tinubu-led board, approve all resolutions
Oando PLC held its 47th annual general meeting (AGM), and shareholders passed all resolutions presented.
