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.

Popo-Igbonna     Gbugbu International Market     Belgore     Ramadhan     Ayeyemi Sulaiman     Yemi Osinbajo     Baba Idris     Saraki     PAACO-PCL Consortium     Yakubu Shaaba     Azeez Bello     Oke-Oyi     Opolo Global Innovation Limited     Tanke     Yusuf Arowosaye     Manzuma     Kamaldeen Gambari     Aliyu Muhammed     Yusuf Zulu-Gambari     Suleiman Idris     Busari Alabi Alausa     Danhawa     Elekoyangan     FERMA     Abdulrahman Abdulrasak     Lanre Badmas     Shehu Jimoh     Mashood Dauda     Naira Redesign     Damilola Yusuf Adelodun     Umar Adelodun     Saheed Popoola     CACOVID     Kwara State Health Insurance Agency     Voices Of Tomorrow     Durbar Festival     GRA     Bilikisu Oniyangi     Arinola Lawal     Bello John Olanrewaju     Patigi Regatta     Idowu Aremu     Deji Ajani     Idris Amosa Oladipo Saidu     Justina Oha     Olaitan Buraimoh     Abubakar B.M     NFAI     Samuel Olusegun Adedayo     Joseph Offorjama     National Broadcasting Commission     Isaac Gbenle     Kunle Okeowo     Musa Yeketi     Doyin Agbamu     Asiwaju Bola Tinubu     Hijab     Ilorin.Info     Usman Rifun     Agbarigidoma     Amasa     Olohungbebe     Mohammed Ghali Alaaya     Bluenile Associates     Khadijat Ayoola Yusuf     Iliasu     V.O. Abioye     Kwara 2015     Imodoye Writer’s Enclave     Oloriegbe     Al-Hikmah University     Woro     Ajase-Ipo     Mamatu Abdullahi     IF-K     Muhammed Akanbi     TIIDELab    

Cloud Tag: What's trending

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

Owo Isowo     Academic Staff Union Of Universities     Wasiu Onidugbe     Ilorin Muslim Community     Muhammad Akande Olarewaju Odunade     Asa LGEA School     Gbajabiamila     Osuwa     Playing Host     Agbarere     Musa Aibinu     Lanre Issa-Onilu     Ayodele Kuburat Olaosebikan     Noah Yusuf     Abdulhakeem Adelaja Amao     Ashiru     Iyaloja-General     Waheed Ibrahim     Sarafadeen Kayode Akorede     Aisha Buhari     National Pilot     Muhammed Taofeeq Abdulrazaq     James Kolo     Ayinde Oki     Erubu     Laboratory-to-Product     LABTOP     Ahmed Idris Mohammed     Baba Isale     Na\'Allah     Risikat Lawal     Yakubu Dogara     Idris Amosa Saidu     Mohammed Abduraheem     IYA ALFA NLA     LAK Jimoh     Ibrahim Oniye     Erubu Oba Zubair     Nigerian Army     Ebun-Olu Adegboruwa     Kwara State Sports Commission     ITEM 7     Mohammed Jimoh Faworaja     Adedeji Onimago     Olatunji Ayeni     Shaaba Lafiagi     Onilupeju Of Ilupeju     Kwara State Fish Farmers Association     Anilelerin     Sulyman Abdulkareem     Yusuf Ali     Mashood Abdulrafiu Agboola     Khairat Gwadabe     Rafiu Olasile     Kwarareports.com     Ayo Opadokun     Young Progressives Party     Revenue Court     Kishira     Pakata Patriots     Dauda Adesola     Jaigbade Alao     Valsolar-Kwara Company Limited     Mufti Of Ilorin     Ibrahim Mashood     Abraham Ojo     Wahab Abayawo     Ita-Ore     Magaji Nda     Kwara North     Susan Modupe Oluwole     Toun Okewale-Sonaiya     Babajide Ajayi     Haruna Tambiri Mohammed     Aremu Bose Deborah     Olaoye B. Felix     Halimat Yusuf