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.
Bayer AG Bamidele Adegoke Oladimeji Council Of The Wise Muhammad Akande Olarewaju Odunade Salihu Ajia Savannah Centre For Diplomacy, Democracy And Development Timothy Akangbe Saka Adeyemo Saudat Abdulbaqi Rotimi Samuel Olujide TETFUND Adamu Atta Abdulrauf Yusuf Rotimi Oyedepo Kannike Isin Mahmud Durosinlohun Atiku Mufti Of Ilorin Harafat E. Mukadam Olusegun Adeniyi Hassanat Bello Grillo Kunle Suleiman Ibrahim Akaje Kola Ologbondiyan Aso Ofi Lai Mohammed George Funsho Adebayo Akeem Olatunji Sabitiyu Grillo Trader Moni Senior Special Assistant On Student Affairs Oba Abdulrahim HAMFAT Clinic And Maternity Ahmad Olanrewaju Belgore Yusuf Olaolu Ali Sobi Wahab Kunle Shittu Sarakite Ganiyu Abolarin State Bureau Of Internal Revenue Isiaka Saka Opobiyi Federal Polytechnic Offa Ballah Ajike People Support Centre Ijagbo Henry Makinwa Hassan Abdulazeez Elewu Kupchi Hosea Maxwell Rueben Parejo Siraj Oyewale Bilikisu Gambari Durosinlohun Atiku Abatemi-Usman REO CAKES Benin Republic Borgu Rihanat Ajia Raymond Olaitan TESCOM Alfa Yahaya Road Police Commissioner Muhammed Akanbi Aro Yahaya Yakubu Dogara Haashim Initiative For Community Advancement Special Adviser On Digital Innovation A.O. Belgore Sayomi Sunday Otokiti Ayodele Kuburat Olaosebikan Modupe Oluwole Sulyman Tejidini Gbenga Awoyale Seed Technologies Tunde Mukaila Mustapha Kumbi Titilope

