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.
Sulu Gambari Eruku Adanla-Irese Cassava Growers\' Association Shuaib Abdulkadir Sa\'adatu Modibbo-Kawu Kwara United Omu-aran Muhammed Danjuma Sola Saraki Educational Foundation Amina Susa\'a De Ahmed Popo-Igbonna Tunde Idiagbon Road Binta Abubakar-Mora Olaosebikan Sadiq Buhari Ajeigbe Suleiman Idris Imodoye Writer’s Enclave Yashikira Saidu Isa Olayinka Jelili Yusuf Paul Odama Iyiola Oyedepo Arinola Lawal Yahaya Oloriegbe Abdulganiyu Salahudeen Gbemi Saraki ENetSuD Ahman Pategi Bolakale Kawu Nigeria Governors\' Forum GAMA Air Peace Yomi Ogunsola AbdulRauf Keji Prince Bola Ajibola Ahmed Bolaji Nagode Nigerian Medical Association Samuel Adedoyin Ilorin Central Mosque Government High School (GHS), Adeta IHS United Nigeria Congress Party Abubakar Imam Busari Alabi Alausa Yaru Kayode Ogunlowo Solomon Edoja Oniye Olaoye B. Felix Jamila Bio Ibrahim Chartered Institute Of Personnel Management Of Nigeria Oyawoye International Aviation College Oladipo Akanmu Tolani Rebecca Bake Sabo-Oke Rotimi Atere Saadu Yusuf Akorede GRA Cornelius Adebayo Raji AbdulRasaq Onilupeju Of Ilupeju Ayekale Bola Tinubu Moses Salami Sola Saraki University Omar Bolaji Gambari Kubra Kazum Ijakadi Abdullahi G. Mohammad Asiwaju Bola Tinubu Sam Okaula Jumoke F. Ajao Babatunde Idiagbon

