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.
Yekini Adio Elerin Of Adanla Irese Akeem Olatunji Afonja Jaiz Bank Bayo Ojo Isiaq Khadeejah KWATMA Toun Okewale-Sonaiya Ilorin Innovation Hub Mutawali Yusuf Lawal Paul Olawoore IYA ALFA NLA Zaratu Umar Abikan Jebba Abdulmajeed Wahab Vasolar-Kwara Company Ltd Yahaya A Paniyaro Matthew Okedare Olabode George Towoju Oni Adebayo Idi-Ape AbdulHamid Adi Aminu Ado Bayero Kwara State Printing And Publishing Corporation Bolaji Aladie Omotoso Musa Bolaji Nagode Joseph Alex Offorjama 2017 Budget Muhammed Mahe Abdulkadir SSA Youth Engagement Kwara 2023 Sunday Fagbemi CCEPE PharmAccess Foundation Muideen Olaniyi Alalade Apaola Fulani Ilorin South Olaosebikan Iqra Books Shuaib Jawondo Olatunji Abdulmumeen Gurei Doyin Awoyale Senate President Jawondo Tafida Of Kaiama Olusin Of Ijara Isin Abdulrazaq Akorede Babaloja-General CBT UNIFEMGA Hassan Oyeleke John Kehinde Salako Moronfoye Ojuekun Tsado Manman Magaji Erubu ER-KANG Mining Oniwasi Agbaye Abdulrahman Iliasu Onilupeju Of Ilupeju Chief Imam Of Ilorin Grillo Abdulkadir Bolakale Sakariyah Abdulrahman Onikijipa Olokoba Abdullahi Ayinla Lanre Badmas Susan Modupe Oluwole Olufolake Abdulrazaq Elerinjare-Ibobo Bank Of Industry Yekeen Alabi

