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.
Adebayo Salami Oasis Muslim Care Foundation Pakata Patriots Olubukola Kifayat Adedeji Olomu Of Omu-Aran Okin Biscuit Haashim Initiative For Community Advancement Yakubu Gobir AGM Professional Services Sabitiyu Grillo Moremi High School Guber Aspirant Olatomiwa Williams Kawu Baraje Basic Education Certificate Examination Kolade Solagberu Taofeek Sanusi Olayinka Olaogun Curfew Kwara State Coalition Of Business And Professional Associations Mohammed Yahaya Barki Ilorin Emirate Stakeholders Forum Bursary Ajikobi Arca Santa Mustapha Olanipekun Facebook Raymond Olaitan Sulyman Age AbdulKareem Elekoyangan Baruten Toun Okewale-Sonaiya Ijakadi Ethical College Emir Of Lafiagi Olatunji Bamgbola RTEAN Tanke Kayode Bankole PAACO-PCL Consortium Monkey Pox Orisa Bridge Shehu Alimi Foundation For Peace And Development Muhammad-Mustapha Suleiman Kwara Primary Health Care Development Agency Ajayi Okasanmi Peter Amogbonjaye Mohammed Kamaludeen Salihu S. Yaru Kwha.gov.ng Igosun Abdullahi Dasilva Yussuf Kwara-SAPZ Project Owo Arugbo Modupe Oluwole Fatima Abolore Jimoh Mohammed Saidu Tafida George Funsho Adebayo Majlis For Sadakah, Zakat And Waqf Mustapha Akanbi Sadiq Umar Femi Ogunsola ITP Tsaragi-Share Mary Kemi Adeosun Abdulrasheed Na\'Allah Laduba Kola Shittu Local Government Pension Board Umar Adelodun Law School Scholarship Abdulkadir Jimoh Pakata Development Association Erin-ile Kwara Hotel Abubakar Bature Sulu-Gambari

