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.
Lasiele Alabi Yahaya Tanke Flyover Bridge Saad Omo Iya Muslimah Entrepreneurship Forum Olohungbebe Moses Rahman Popoola Abdulquowiyu Olododo Sambo Murtala MMWG Amos Bajeh KSIRS Olaiya Lawal Crystal Corner Shops Oloyede Ita-Ore AbdulRazaq AbduMajeed Alaro Afolabi-Oshatimehin Ojuekun Arinola Lawal Kwasu Yakubu Shaaba Jimba Babatunde AGM Professional Services Bisi Kristien Is\'haq Modibbo Kawu Muhammad Sirajo Aliyu Muhammad-Mustapha Suleiman Tosho Yaqub Oba Abdulkadir La\'aro Victor Gbenga Yusuf Amusa Bello Wahab Abayawo Voices Of Tomorrow Olubukola Kifayat Adedeji Labaeka Zaratu Umar Surajudeen Akanbi Local Government 07039448763 Aro Yahaya Asiwaju Bola Tinubu John Dara Olatunji Moronfoye Plat Technologies Clement Yomi Adeboye M.Y. Abdulrahaman New Naira Notes Adamu Attah Apata Ajele Secondary School Segun Abifarin Yahaya Abdulkareem Babaita Kale Kawu Oba Abdulrahim Dumagi Oro Grammar School Old Students Association Ishola Abdullahi Gobirawa Taofik Mustapha Moronfoye Mohammed Danjuma Bello Taoheed Abubakar Kwarareports Alfa Modibbo Belgore Yusuf Babatunde Abdulwahab High Court Countryside Emerging Leaders Fellowship Monthly Sanitation Exercise ER-KANG Mining Nigeria Company Limited Isiaka Saka Opobiyi Ibrahim Gambari Folajimi Aleshinloye Ishaq Salman Shehu Adaramaja Hamza Usman Oju Ekun Sarumi Abubakar Kawu Baraje Vishvas KOZ Tractors

