ICPC confirms detaining D’Banj over N-Power fraud allegations

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

DAILY POST learnt this in a statement signed by the Commission’s spokesperson Mrs. Azuka Ogugua on Wednesday.

“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 about not receiving their monthly funds despite the government’s payment.

“Around ten people have been invited by the ICPC in connection with the N-Power fraud in the last few months and have been granted administrative bail following 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.