A Deputy Commandant of the Nigerian Security and Civil Defence Corps (NSCDC) in Kogi State, Adam Imam Yusuf, has been apprehended concerning the alleged embezzlement of over ₦3 billion in public funds through 92 fictitious companies.
Yusuf was detained by Independent Corrupt Practices and Other Related Offences Commission (ICPC) agents. The ICPC announced this in a statement on its website, although it did not specify the date of his arrest.
He allegedly collaborated with a former Chief of Naval Staff, Vice Admiral Usman Jibrin (rtd.), and ex-Brigadier General Ishaya Bauka Gangum (rtd.) to perpetrate the crime.
“Investigations by the ICPC uncovered a sophisticated scheme allegedly masterminded by retired Chief of Naval Staff, Vice Admiral Usman Jibrin, alongside former Brigadier General Ishaya Bauka 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).”
“Further investigations led authorities to trace the laundered funds to companies such as Lahab Integrated and Gate Coast Properties, among others. The illicit proceeds were allegedly used to acquire over 18 properties, including multiple filling stations.
The agency noted that four properties have already been surrendered to the government, while legal actions regarding the other assets are ongoing.
Additionally, the anti-corruption body indicated that efforts are being made to locate other suspects still at large.
