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 his alleged involvement in a large-scale fraud worth over N3 billion. Yusuf, who had been evading arrest for some time, was apprehended at his residence in Gwagwalada, Abuja, and is now in custody, where he will face prosecution.
The ICPC's investigation has revealed that Yusuf, in collaboration with other individuals, played a central role in the fraudulent activities. The commission uncovered that former Chief of Naval Staff, Vice Admiral Usman Jibrin (retd.), orchestrated the fraudulent scheme. Along with former Brigadier General Ishaya Bauka Gangum (retd.), the scheme involved diverting public funds through 92 fictitious companies that were not registered with the Corporate Affairs Commission (CAC).
The fraudulent funds were traced to companies such as Lahab Integrated and Gate Coast Properties, which facilitated the acquisition of over 18 properties, including filling stations and other assets. Four of these properties have already been seized and forfeited to the government, with legal proceedings currently ongoing regarding the remaining assets.
ICPC spokesperson, Demola Bakare, confirmed the arrest and stated that the commission is intensifying efforts to apprehend other individuals connected to the fraud who are still at large. The commission's investigation has shed light on the scale of corruption and the abuse of power within public institutions.
This arrest comes as a reminder of the ICPC's commitment to rooting out corruption within Nigeria's public service and its ongoing efforts to hold public officials accountable for financial crimes. The ICPC has called on all public servants to uphold integrity and professionalism in their duties and has pledged to continue its fight against corruption across the country.
The alleged diversion of public funds and fraudulent activities by high-ranking officials has raised concerns over the misuse of public resources, particularly in critical sectors such as security and defense. The case highlights the need for greater oversight and transparency in government dealings to ensure that funds meant for the development and security of the nation are not misappropriated.
As the investigation continues, the ICPC is expected to provide further updates on the matter, and additional arrests could follow as more details of the fraud scheme emerge..
