The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested a former Chief of Naval Staff, Usman Jibrin, and a Deputy Commandant of the Nigerian Security and Civil Defence Corps (NSCDC), Adam Yusuf, over an alleged diversion of more than N3 billion.
Jibrin, who was Chief of Naval Staff from 2014 to 2015, allegedly orchestrated the fraud through Yusuf and former Brigadier General Ishaya Bauka Gangum.
The scheme involved diverting public funds using 92 fictitious companies not registered with the Corporate Affairs Commission (CAC).
The ICPC’s investigation traced the funds to several companies, including Lahab Integrated and Gate Coast Properties, leading to the acquisition of over 18 properties, including filling stations.
Four of these properties have been forfeited to the government, while legal proceedings continue over the remaining assets.
The ICPC is intensifying efforts to apprehend other suspects involved in the alleged fraud.
