The senior from Tucker High School told Inside the Auburn Tigers on Sunday night that he will sign with Coach Tommy Tuberville's Tigers on Wednesday.
"I have made my decision and I am going to play for the Tigers," said Lipscomb, who was considered one of the top players in the Under Armour All-American Game in December.
"I made my decision this evening and I am excited about it," he added.
Tucker made the decision after getting an offer from the Tigers earlier in the day. He took an official visit to Ole Miss over the weekend and said that was a good trip, but noted that he has been interested in Auburn for a much longer time and felt good about the AU program.
The 6-2, 176-pounder made 64 tackles as a senior and was recruited by Georgia, Oklahoma, Alabama, FSU and others.
He broke up 11 passes, had six tackles for losses, three interceptions and caused a fumble last season for Tucker High.
"I like the Auburn campus, the coaches, the facilities and the players," Lipscomb says. "It is a place where I feel at home."
His coach at Tucker, Franklin Stephens, says, "I think Neiko is one of those can't-miss prospects. There are not a lot of six-foot-two, athletic cornerbacks running around. He has the ability to play on the hash as a safety or he can go down and play man to man as a corner.
"In this age of big receivers, he is a luxury to have," the coach adds. "He has great ball skills and is a physical kid. He is 6-2, 170 now and has a lot of room to grow. He has a lot of upside as a player."
Stephens says Lipscomb had scholarship offers from most of the SEC and ACC schools as well as Oklahoma and Michigan State.
Lipscomb notes that he lived in the state of Michigan until moving to Georgia as a six-year-old and that is why the Spartans were the only out of region program that he considered.