The Independent Corrupt Practices and other Related Offences Commission, (ICPC) have confirmed D’banj’s fraudulent act over allegations of N-Power funds.
TalkGlitz had reported that officials of the ICPC had detained D’banj over allegations of fraudulently diverting monies earmarked by the Federal government for the N-Power project, an empowerment program set up by the Nigerian government in 2016 to address youth unemployment and increase social development.
A statement released by the commission this afternoon December 7, stated 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.
The commission pointed out that several invitations to DBanj to appear before a team of investigators were ignored and not honoured but that on Tuesday, December 6, he turned himself in and was taken into custody at the ICPC Headquarters and is currently assisting the investigators to unravel the circumstances of the fraud allegations by the petitioners.
Investigators allege that D’banj colluded with some compromised government officials to introduce ghost beneficiaries into the payroll of the scheme. The stipend paid to those beneficiaries was later traced to D’banj’s account.
“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 statement read.
“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.”
“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.”
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