The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arraigned Adam Yusuf, a Deputy Commandant of the Nigeria Security and Civil Defence Corps (NSCDC), over alleged ₦1.1 billion money laundering.
Yusuf, along with his company Ummays Hummayd Energy Ltd, was brought before Justice Inyang Ekwo of the Federal High Court, Abuja, on a three-count amended charge. He pleaded not guilty.
The charges accuse Yusuf of receiving:
- ₦410 million from Gate Coast Properties International Ltd
- ₦150 million from Lahab Integrated & Multi-Services Ltd
- ₦540 million through his company’s Zenith Bank account
ICPC alleges the funds are proceeds of unlawful activity under the Money Laundering Act 2022.
Justice Ekwo granted ₦30 million bail with conditions, including a surety with landed property and surrendering his international passport. Trial is set for May 6, 7, and 8, 2025.
ICPC had earlier arrested Yusuf for allegedly diverting ₦3 billion in public funds alongside ex-Naval Chief Jibrin Usman Oyibe and Brig.-Gen. Ishaya Bauka (rtd.) using 92 fictitious companies. The agency claims the funds were used to acquire 18 properties, including filling stations.
