ICPC Gives An Update On D’Banj’s Arrest [FULL STATEMENT] 

D’banj is under investigation for allegedly stealing money intended for the federal government’s N-Power initiative,

By Omotayo Olutekunbi

The Independent Corrupt Practices Commission (ICPC) stated that the investigation “will be all-encompassing and also be extended to other collaborators”. in the case that appears to indict Oladapo Daniel Oyebanj of fraudulently diverting some funds designated by the federal government’s N-Power scheme.

The ICPC spokesman, Mrs. Azuka Ogugua, said D’Banj “is currently assisting the investigators to unravel the circumstances of the fraud allegations by the petitioners”. in a statement released on Wednesday, December 7, 2022.

Remember that D,banj was called on Tuesday, December 6, 2022, a few weeks after the music icon was arrested by the commission.

D’banj is under investigation for allegedly stealing money intended for the federal government’s N-Power initiative,

The statement: “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,” the statement by the ICPC reads.

“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 honored.

“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.”

The federal government’s N-Power initiative is for unemployed Nigerian graduate youngsters. It is now in its third stage.