The Independent Corrupt Practices and Other Related Offences Commission (ICPC) confirmed Mr. Oladipo Daniel Oyebanjo’s arrest and detention on Wednesday in connection with the investigation of fraud connected to the N-Power Program. Mr. Oyebanjo is also known by his stage name, D’Banj.
This information was provided to gospelcable on Wednesday in a statement written by Mrs. Azuka Ogugua, the Commission’s spokesperson.
“On June 8, 2016, President Muhammadu Buhari launched the N-Power program to address the problems of youth unemployment and empowerment while also promoting social development.
“In accordance with its mandate, the Commission had received numerous petitions regarding the misappropriation of N-Power funds totaling billions of naira after the Federal Government approved and released such funds to the beneficiaries. Numerous N-Power beneficiaries had expressed dissatisfaction over not receiving their monthly payments, despite the Government having made them.
“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.
“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 press release becomes 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”, the statement contained.