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)