February 07, (THEWILL) – The Independent Corrupt Practices and Other Related Offences Commission has arrested a former Chief of Naval Staff, Vice Admiral Usman Jibrin (rtd), and Adam Yusuf, a Deputy Commandant of the Nigerian Security and Civil Defence Corps in Kogi State, over alleged diversion of more than N3 billion.
A statement issued on Friday by ICPC’s Director of Public Enlightenment and Education, Demola Bakare, said “Yusuf, who was at large until now, was taken into custody from his Gwagwalada, Abuja residence and is set to face prosecution”.
The statement added, “Investigation revealed that former Chief of Naval Staff, Vice Admiral Usman Jibrin (rtd.), allegedly orchestrated the fraud through Yusuf and former Brigadier General Ishaya Bauka Gangum (rtd.).
“The alleged scheme reportedly involved the diversion of public funds using 92 fictitious companies that were not registered with the Corporate Affairs Commission (CAC).
“An investigation by the ICPC traced these funds to Lahab Integrated, Gate Coast Properties, and other affiliated companies, leading to the acquisition of over 18 properties, including filling stations.
“Four of these properties have been forfeited to the government so far, while legal proceedings continue over the remaining assets. The ICPC is also intensifying efforts to apprehend other suspects at large.”
Felix Ifijeh is a journalist with years of professional reporting experience. Known for his keen news sense, compelling storytelling and commitment to accurate, impactful reporting, he has built a reputation for turning leads into clear, engaging, and well-structured reports that resonate with readers. His work reflects deep newsroom experience and a commitment to accurate, impactful journalism.
