Categories: Top Stories

Breaking: ICPC Confirms Arrest, Detention Of D’Banj Over N-Power Fraud(Full Statement)

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) confirmed on Wednesday the arrest and detention of Mr. Oladipo Daniel Oyebanjo, otherwise known by his stage name D’Banj, over the investigation of fraud associated with the N-Power Programme.

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.

Advertisement

In line with its mandate, the Commission had received numerous petitions on the diversion of N-Power funds running into billions of naira following the approval and release of such funds to the beneficiaries by the Federal Government. Many N-Power beneficiaries had complained over the non-receipt of the monthly funds in spite of payment by the Government.

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.

Advertisement

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.

The investigation will be all-encompassing and also be extended to other collaborators of the fraud and the banks where the beneficiaries’ accounts are domiciled.

Advertisement

This press release has become necessary to set the record straight in view of the reports awash in the media. The investigation is ongoing and the Commission prefers not to preempt its outcome and also avoid the frenzy of a media trial.

Signed:

Advertisement

Mrs. Azuka Ogugua
Spokesperson, ICPC
7th December, 2022

Advertisement
Sola Adeyemo

Recent Posts

Senate Approves Tinubu’s $2.2bn Loan Request

The Senate on Thursday approved President Bola Tinubu’s loan request of $2.2 billion to partially…

6 hours ago

2023 Presidential Poll Not Rigged – Okupe To Peter Obi

A former presidential spokesman, Doyin Okupe has dismissed claims by Peter Obi of the Labour…

6 hours ago

Ohanaeze Ndigbo Reveals Speaks On What Simon Ekpa’s Arrest Means For Igbo Nation

Leading Igbo Socio-cultural Organisation, Ohanaeze Ndigbo, has commended the arrest of self-acclaimed Biafra Prime Minister,…

6 hours ago

Car Dealer Surprises Davido With Brand New Escalade To Celebrate His Birthday

    A car dealer has gifted Nigerian singer Davido a new vehicle for his birthday.  …

13 hours ago

PDP Crisiss: Damagum Holds Closed-Door Meeting With State Chairmen

There is palpable tension in the Peoples Democratic Party (PDP) after the acting National Chairman…

13 hours ago

Reevaluate your economic policies….they have worsened lives of Nigerians – ACF tells President Tinubu

The Arewa Consultative Forum says the policies of the President Bola Tinubu-led administration has worsened…

13 hours ago