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 in Kogi State, as part of a probe into a N3 billion fraud scheme. Authorities say the scheme is linked to former Chief of Naval Staff, Vice Admiral Usman Jibrin (retd.), who is still at large.
ICPC spokesman Demola Bakare told reporters that the investigation, which has been ongoing for six months, also targets retired Brigadier-General Ishaya Bauka Gangum. A warrant for arrest was issued in June 2024, and while Yusuf has been taken into custody at his Abuja residence, efforts continue to locate the other suspects, who may even be outside the country.
Bakare explained that ICPC investigations revealed the fraud involved diverting public funds through 92 fictitious companies, including Lahab Integrated and Gate Coast Properties. These funds were reportedly used to acquire over 18 properties, such as filling stations, with four already forfeited to the government. Legal proceedings over the remaining assets are still underway.
