Ex-NBC Chief Cleared of ?2.5bn Fraud as Court Criticises ICPC's Case
A Federal High Court in Abuja has discharged and acquitted Ishaq Kawu Modibbo, the former Director-General of the National Broadcasting Commission (NBC), who faced allegations of complicity in a purported ?2.5 billion fraud.
Justice Folashade Ogunbanjo-Giwa, presiding over the case, ruled on Thursday that the Independent Corrupt Practices and Other Related Offences Commission (ICPC) failed to substantiate its claims against the defendants.
The court noted inconsistencies in the testimony of witnesses and concluded that the ICPC could not establish a direct link between Modibbo and the alleged offences.
Thus, he was discharged of the five-count allegations brought against him alongside Pinnacle Communications Ltd, and Dipo Onifade.
One of the defendants earlier charged in the matter, who was chairman of Pinnacle, Lucky Omoluwa died in February 2020 while the matter was still on.
ICPC had alleged that Kawu deceived the former Minister of Information and Culture to approve the payment of N2.5billion to Pinnacle Communications Limited, a private company owned by his friend, Omoluwa.
According to the ICPC, Omoluwa, whose firm was not qualified for such a grant, subsequently transferred the sum of N537.25 million out of the N2.5bn to a Bureau De Change operator for the dollar equivalent.
The BDC operator was said to have delivered the dollars in cash to Omoluwa at his residence in Kaduna.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Abatemi Usman Ayodele Olaosebikan Jani Ibrahim Abdulhakeem Amao Ramadhan Abdulmumini Jawondo Akom Construction And Engineering Synergy Ltd Ajike People Support Centre Geri-Alimi Split Diamond Interchange Ijagbo Adam Abdullahi Al-Ilory Asiwaju Bola Tinubu Ahmed Adamu Attah Ibikunle Ogunleye Baba Issa Awoye JAAC Alumni Association Of The Federal Polytechnic Offa Kayode Issa Sheikh Ariyibi Orisun Igbomina Kayode Oyin-Zubair Sarkin Malamai Dar-Al-Handasah Consultants Yekini Adio Ilesha-Gwanara AbdulFatai Adeniyi Dan-Kazeem Abdulahi Abubakar Bata Oke-opin Umar Yakubu Jaja Mohammed Kamaludeen Abdulrazaq Aiyelabegan Iyeru Grammar School Isaac Aderemi Kolawole Bello Oyebanji Ilorin Curfew Folashade Omoniyi Saheed Akinwumi Lanre Olosunde Mansurat Amuda-Kannike NULGE Yaru Bibire Ajape Lai Gobir UNIFEMGA Yahaya Abdulkareem Sulyman Tejidini Umar Danladi Shero Gobir HICA Aremu Odolaye Young Progressives Party Dunmade Bamidele Adegoke Oladimeji FOMWAN Babatunde Ajeigbe Kwara TV Sambo Murtala Ijagbo Health Centre Ibrahim Mohammed Saka Adeyemo Frootify Millennium Development Goals Senate Presidency United Nigeria Congress Party International Public Sector Accounting Standards Amuda Bembe Bolakale Saka Abdulkadri Ahmad Alaiye Adijat Adebiyi Ndakene Segun Adeniyi Oke-Odo Abubakar Abdulraheem Ayegbeni Tope Daramola Taofik Abdulkareem Babaita

