Nigeria’s Anti-graft Agency, the Independent Corrupt Practices and Other Related Offences Commission ICPC has arrested a Nigerian musician Mr. Oladipo Daniel also, called D’Banj, over fraud associated with the N-Power Funds.
This follows petitions written to the Commission on the diversion of N-Power funds running into billions of naira after the approval and release of such funds to the beneficiaries by the Nigerian Government.
A press statement by ICPC’s spokesperson, Mrs Azuka Ogugua said, Many N-Power beneficiaries had complained over the non-receipt of the monthly funds in spite of payment by the Government.
The N-Power is a scheme established by President Muhammadu Buhari on 8th June, 2016, to address the issues of youth unemployment and empowerment, and help increase social development.
Ogugua noted that, “about 10 persons have been invited by the ICPC over the last few months in connection with the N-Power fraud, and have been granted administrative bail after their detention. Several invitations to Mr. Oladipo Daniel Oyebanjo, to appear before a team of investigators were ignored and not honoured.”
She said, Mr. Oyebanjo turned in himself and was taken into custody at the ICPC Headquarters on Tuesday, 6th December, 2022, and is currently assisting the investigators to unravel the circumstances of the fraud allegations by the petitioners.
She added that, the investigation would be all-encompassing and also be extended to other collaborators of the fraud and the banks where the beneficiaries’ accounts are domiciled.
Confidence Okwuchi
