The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested Usman Jibrin, a former chief of naval staff, over an alleged diversion of more than N3 billion.
Jibrin was chief of naval staff from 2014 to 2015.
Adam Yusuf, a deputy commandant of the Nigerian Security and Civil Defence Corps (NSCDC) in Kogi state, has also been arrested over the alleged fraud.
In a statement signed by Demola Bakare, director of public enlightenment and education at ICPC, the commission said Yusuf, “who was at large until now, was taken into custody from his residence in Gwagwalada, Abuja, and is set to face prosecution”.
The agency added that Jibrin “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),” the statement reads.
“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 said it is intensifying efforts to apprehend other suspects.
