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.
Shoprite Emir Of Ilorin Amosa Sa\'adatu Modibbo-Kawu Hijab Zulkifli Ibraheem Abatemi Usman Ganiyu Abolarin Adamu Atta Abdul-Rahoof Bello Omotoso Musa Bashiru Makama Al-Ilory Kwara Liberation Group Mahmud Ajeigbe Iyabo Dupe Adekeye Bola Tinubu Tsaragi-Share Olomu Mamman Saba Jibril Alliance For Democracy Dele Belgore Saadu Yusuf IEDPU Usman Rifun Funmi Salau Oni Adebayo Abdulrahman Iliasu Ilorin South Constituency AbdulKareem Yusuf Danhawa Kwara University Of Education Olawuyi Park Zubair Folorunsho Erubu UITH Olaiya Lawal Tosho Yaqub Ghali Alaaya Kwara State Infrastructure Development Fund Abdulfatai Salman Baakini Abdulrahman Abdulrasak Rice Farmers Association Of Nigeria Dan Masanin Kayode Ishola Theophilus Oyebiyi Bashir Badawi Yashikira Gbugbu Eleja Taiwo Banu John Dara Pakata Wahab Isa CUTI Sambo Murtala Alapansapa Abdulraheem Yusuf Babajide Ajayi Suleiman Rotimi Iliasu Ajuloopin Oba-Solagberu Abubakar Lah Anilelerin Tunde Mukaila Mustapha Sanusi Abubakar Baaziki Sulaiman Alapado Rotimi Atere 3MTT SAPZ Project Sulyman Tejidini Jelili Yusuf Gbajabiamila Mohammed Katsina Ahmed Ilorin West/Asa Federal Constituency Muhammad Fawaz Abubakar Chartered Institute Of Personnel Management Of Nigeria Okiki

