The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested Adam Imam Yusuf, a Deputy Commandant of the Nigerian Security and Civil Defence Corps (NSCDC) in Kogi State, over the alleged diversion of over N3 billion.

In a statement issued by the ICPC's Director of Public Enlightenment and Education, Demola Bakare, it was revealed that Yusuf, who had been on the run, was apprehended at his residence in Gwagwalada, Abuja, and is now set for prosecution.

The investigation, conducted by the ICPC, uncovered that former Chief of Naval Staff, Vice Admiral Usman Jibrin (rtd.), allegedly masterminded the fraud through Yusuf and former Brigadier General Ishaya Bauka Gangum (rtd.).

According to the ICPC, the fraudulent scheme involved the diversion of public funds through 92 fictitious companies, none of which were registered with the Corporate Affairs Commission (CAC). The investigation traced these funds to companies such as Lahab Integrated and Gate Coast Properties, which were used to acquire over 18 properties, including filling stations.

So far, four of these properties have been forfeited to the government, and legal proceedings are ongoing for the remaining assets. The ICPC also announced that efforts are being intensified to apprehend other suspects still at large.