Ex-NBC Chief Cleared of ?2.5bn Fraud as Court Criticises ICPC's Case

Date: 2025-02-14

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.

Saad Belgore     Borgu     NYSC     Barakat Community Secondary School     Olusegun Adeniyi     Yusuf Zulu-Gambari     Habeeb Abdullahi Al-Ilory     Aliyu Alhassan     Marafan Shonga     Muhammadu Gobir     Tsaragi     National Information Technology Development Agency     Islamiya Abdulraheem     S.O. Opowoye     Rashidi Yekini     Salmon Babatunde Salmon     Issa Baba     Twitter     Adesina Simon Sodiya     Adebayo Mohammed Kamaldeen     Kamaldeen Ajibade     Shettima     Ella Supreme Tissue Paper     Gamji Members Association     UNILORIN Alumni Association     Kuliyan Geri     IHS     Mohammed Yahaya Barki     Kannike     Erubu     Sunday Fagbemi     Alabere     James Ayeni     Chief Imam Of Lafiagi     Inside Kwara     Code Of Conduct     Mahmud Ayinla Giwa     Salihu Alhaji Musa     Egbewole     Offa Descendants Union     Henry Olaosebikan     Ita-Ore     Vasolar-Kwara Company Ltd     ASUU     Oladipo Akanmu Tolani     Ladi Hassan     Ayobami Akanbi     Funmilayo Zubair     Makama     Afolayan     Tunde Akanbi     Mary Arinde     Shuaibu Yaman     International Public Sector Accounting Standards     Olohungbebe     Kale Bayero     Senate President     Kwara State Television (KWTV)     Shuaib Olarongbe     Abdulwahab Ololele     Al-Hikmah University     Ilorin West     Federal Neuro-Psychiatric Hospital     Turaki     Oye Tinuoye     Centre For Peace And Strategic Studies     Donatus Ejidike     Sidikat Alaya     Aro Yahaya     Matthew Okedare     Sobi     Sa\'ad Alanamu     Mamatu Abdullahi     Kaiama     Edu     Kamaldeen Kehinde     Ballah    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Garba Idris Ajia     Edu     Kola Olota     Elesie Of Esie     Noah Yusuf     Jani Ibrahim     Manzuma     AIT Ilorin     KWASEIC     Yunus Oniboki     Galadima     Moshood Mustapha     FERMA     Raji AbdulRasaq     Aliyu Salihu     Seni Saraki     Dogara     Daud Adeshola     Gurei     Abdulmajeed Abdullahi     Yusuf Lanre Badmas     Bayo Mohammed Onimode     Christian Association Of Nigeria     Harafat E. Mukadam     Simeon Ajibola     Orire     Olabode George Towoju     AbdulRahman Saad     Gwanara     Michael Nzekwe     Mahee Abdulkadir     Dunmade     Abdulkadri Ahmad Alaiye     Sa\'adu Salau     Moshood Bakare     Obuh     Bankole Omishore     Alagbado     Mohammed Ghali Alaaya     Geri-Alimi Split Diamond Interchange     Gobir Organization Foundation     Kale Bayero     Dagbalodo     Ibrahim Agboola Gambari     Elerinjare     Tanke Flyover Bridge     Rueben Parejo     Adamu Jemilat-Baki     Sa\'adu Gambari     Al-Adaby     Goodluck Jonathan     Osuwa     National Union Of Road Transport Workers     Abdulrazaq Aiyelabegan     SWAN     Arinola Lawal     Elerin Of Erin-Ile     Lanre Issa Onilu     AbdulRazaq Jiddah     Valsolar Consultoria     Minimum Wage     Tsaragi/Share     Abdulkadir Jimoh     Adijat Adebiyi     Tafida Of Kaiama     Societe Generale Bank Of Nigeria     Senior Special Assistant On Student Affairs     KwaraLearn     Mumini Ishola Hanafi     Sabitiyu Grillo     Arandun     Aishatu Ahmed Gobir     Ijagbo Health Centre     Omotoso     Kwara Primary Health Care Development Agency     Rebecca Bake     Sambo Murtala