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.
Funmi Salau Pacify Labs Ogbondoroko Albert Ogunsola KWACOBPA ASUU Vishvas KOZ Tractors Ilorin General Hospital Patigi Regatta Presidential Election Paul Odama Olam Food Ingredients Haliru Yahaya KwaraLearn Bashir Adigun KSIRS Okala Baba Jumoke F. Ajao Kamaldeen Ajibade Abubakar Lah TIIDELab Idris Amosa Oladipo Saidu Diagnostic Centre Apaola Ishola Moses Abiodun Tinubu Legacy Forum Share Olosi Of Osi Towoju Jimoh Bashir Innocent Okoye Tunji Olawuyi Amuda Aluko Ilorin Central Mosque Basic Education Certificate Examination Erin-ile Ibrahim Abiodun Abiodun Oyedepo Okiki Kola Shittu Tanke Flyover Bridge Federal Neuro-Psychiatric Hospital Nigerian Army Kumbi Titiloye Kehinde Boyede Saidu Yaro Musa Ishaq Abdulkarim Abdulmalik Bashir Mopelola Risikatullahi TESCOM Bayo Mohammed Onimode Mahmud Babatunde Baker Ayo Adeyemi Taofik Abiodun Ahmed Abdulrasaq Alaro LABTOP Abatemi Usman Oniwasi Agbaye Saka Asiat Ayinke Musibau Akanji PAACO-PCL Consortium Bola Olukoju Kwara State Football Association Simon Sayomi Valsolar Aliyu U. Tilde Saad Belgore Talaka Parapo Volunteers Of Ilorin Community And The Emirate Oba Of Jebba Monthly Sanitation Exercise AbdulRahman Saad Abubakar Olusola Saraki Ayotunde Emmanuel Alao Bio Ibrahim Charles Ibitoye Olayinka Jelili Yusuf Kola Ologbondiyan

