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.
Kumbi Titiloye Oya State Halimat Yusuf Baba Issa Simeon Sayomi Aminat Omodara Royal FM Gbenga Adebayo Kazeem Gbolagade Taofeeq Olateju Dar-Al-Handasah Consultants Ltd Ganmo Kayode Zubair National Party Of Nigeria Saka Abimbola Isau Minimum Wage Wahab Agbaje Ibrahim Oniye Ojo Isekuse Bayer AG Abdulrazaq Adebayo Abdulganiyu AbdulAzeez Isau All Peoples Party Gamji Members Association Alapansapa N-Power Afin Descendants Union Of Odo-Owa Femi Agbaje Yahaya Seriki Kwara State Pension Board Medinat Folorunsho Salman Student Learning Support Helpline Lanre Issa Onilu Iyabo Adisa Ibiyeye Monthly Sanitation Adedeji Onimago Junior Secondary School Certificate Examinations Muhammad Sirajo Aliyu Crystal Corner Shops Waheed Ibrahim Muyiwa Oladipo Kanu Rotimi Oyedepo Yekini Adio SUBEB Tanke Susan Modupe Oluwole Abubakar Abdulraheem Mohammed Yisa Ajia-Bako Ilesha Gwanara Road Voices Of Tomorrow Bukola Saraki Kazeem Oladepo Mahfouz Adedimeji Adedipe Kanu Agabi Alanamu Olayinka Olaogun Osinbajo Pacify Labs Senate Presidency Adam Abdullahi Al-Ilory Folorunsho Alao Shagari Taofik Mustapha Abdulbaqi Jimoh Bola Tinubu Shuaibu Yaman EndSARS Majlis For Sadaqah, Zakat And Waqf Umar Saro Olofa Of Offa Ridwan Agboola Mazars Consulting Saliu Ajibola Ajia Yusuf Babatunde Abdulwahab

