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.
March 18 Ahmed Dankaya Abdulrasheed Na\'Allah Abdulmalik Bashir Mopelola Risikatullahi Voices Of Tomorrow Gbadeyan Gbadura Yomi Yaru Hamidat Sulyman-Yusuf Dunmade Wahab Kunle Shittu Share Abdulrauf Aliyu Awodun Isiaka Yusuf Saka Keji Ibrahim Abdulqadir Abikan Hydroelectric Power Producing Areas Development Commission Albert Ogunsola M.Y. Abdulrahaman Ita-Ore Egbewole KWASIEC Alabi Olayemi Abdulrazak Offa Grammer School Dasuki Belgore Cornelius Adebayo Abdulahi Abubakar Bata Sayomi Rex Olawoye Raymond Olaitan Kwara Metro Park Olajumoke Monsura Gafar Kudirat Arinola Lawal Michael Ologundea CKNG Y.A. Abdulkareem Falokun-Oja Hikmah AbdulKareem Halidu Danbaba Umar Ahmed Gunu Oba Mogaji Abdulkadir Balogun Fulani Saliu Alamoyo Afolabi-Oshatimehin Lafiagi Ibraheem Abdullateef Saheed Akinwumi Modibo Kawu Aso Ofi Valsolar Consultoria Omar Gambari Bamidele Adegoke Bayo Lawal Ohoro Of Shao Owo Isowo Wahab Abayawo Ahmed Idris Mohammed Monthly Sanitation Nnazua KWIRS Osi Adesoye College Alagbado SSA Youth Najim Yaasin Isau Shao Abdullateef Abdussalam Maryam Nurudeen Solomon Edojah Shehu Alimi Foundation Illyasu Abdullahi Simeon Ajibola Yemi Sanni Bayer AG Esinrogunjo Lithium Deposit

