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.
Vasolar-Kwara Company Ltd Yusuf Mubarak Yusuf Babatunde Abdulwahab Shoprite Sola Saraki Educational Foundation Onikijipa Razak Atunwa Aishat Sulu-Gambari A.G.F Abdulrasaq Adamu Attah SGBN Towoju Samuel Olusegun Adedayo Siraj Oyewale CLAY POT Aishatu Ahmed Gobir Ojuekun Adedipe Oju Ekun Sarumi Hijaab Gbemisola Saraki Saliu Ajibola Ajia Pius Abioje Coronavirus Sa\'adu Salau AbdulFatai Adeniyi Dan-Kazeem Adebara Arandun C2c@kwarastate.gov.ng Magaji Erubu Monsurat Omotosho Popo-Igbonna Suleiman Alege Kuranga Okin High School Eghe Igbinehi Kola Olota Smart School Budo Egba Olajumoke Monsura Gafar NIPOGA Olufolake Abdulrazaq Olohungbebe EFCC Alfa Modibo Belgore Awili Pedro Ilesha-Baruba-Gwanara Ola Falade Babajide Ajayi Mashood Abdulrafiu Agboola March 18 Sebastine Obasi Amule Elementary School Abiodun Jacob Ajiboye Yusuf Abubakar Abdulsalam Firdaous Amosa Millennium Development Goals Kwara State Television (KWTV) Garba Ayodele Wahab Babatunde Idiagbon YAKOOYO Arca Santa Women For Change And Development Initiative Adeleke Ogungbe Moro Bolakale Ayo Salake Micheal Imoudu GANZY Muhammad Fawaz Abubakar Obuh Benin Republic Salaudeen Oyewale Rasaq Jimoh Ibrahim Gambari Aremu Odolaye Chief Of Staff Ubandawaki

