Busted! Ex-Naval Chief, NSCDC Deputy Commandant Caught Over Multi-Billion Naira Fraud

Busted! Ex-Naval Chief, NSCDC Deputy Commandant Caught Over Multi-Billion Naira Fraud

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has apprehended Vice Admiral Usman Jibrin, former Chief of Naval Staff, along with Adam Yusuf, Deputy Commandant of the Nigerian Security and Civil Defence Corps (NSCDC) in Kogi State, for their alleged roles in diverting over ₦3 billion in public funds.……READ MORE 

According to Ireporteronline reports the duo faces prosecution over their involvement in the financial misconduct. ICPC’s Director of Public Enlightenment and Education, Demola Bakare, confirmed the arrests in a statement on Friday, revealing that Yusuf, who had been on the run, was finally captured at his Gwagwalada, Abuja residence.

Investigations uncovered that Jibrin orchestrated the fraud using Yusuf and former Brigadier General Ishaya Bauka Gangum. The fraudulent scheme involved 92 fake companies, unregistered with the Corporate Affairs Commission (CAC), to siphon public funds. Yusuf reportedly acted as a front for Jibrin, facilitating questionable transactions used to acquire luxury properties, some of which were traced to Dubai.

Legal disputes over these illicit assets date back to 2019 when a Federal High Court issued an interim forfeiture order on properties linked to Jibrin and Yusuf. However, this order was vacated in 2022 due to insufficient evidence, prompting the ICPC to appeal the decision.

The ICPC’s probe identified companies like Lahab Integrated and Gate Coast Properties, used to purchase at least 18 properties. Four of these have been forfeited to the federal government, with legal proceedings ongoing for the rest. The commission is also intensifying efforts to track down additional suspects still at large.

Vice Admiral Jibrin, who served as Nigeria’s 21st Chief of Naval Staff from 2014 to 2015, has faced multiple corruption allegations post-service. In 2024, an arrest warrant was issued in connection with a new ₦1.5 billion money laundering case, following previous links to another ₦600 million scandal.