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.
Abubakar Imam Moses Adekanye David Oyedepo Gabriel Fashanu Kwara North Garba Ayodele Wahab Razaq Ayobami Akanbi Babaita Ilorin Likeminds Foundation Ayo Opadokun Olosi Of Osi Abdulrazaq Sanni Ilorin Innovation Hub Marufat Oladosu Ilorin General Tunde Idiagbon International Airport Kwara South Ajibike Katibi Sobi Academic Staff Union Of Universities Abdullahi Samari Kumbi Titilope High Court Yusuf Badmus Sun Qing Rong Yusuf A. Usman Prince Bola Ajibola Kwara Central Tunji Moronfoye Dauda Adeniran Adeshola Ishola Moses Abiodun Charles Ibitoye IYA YUSUF Apata Ajele Secondary School Ajeigbe Roheemat Hammed Ibrahim Bio Ayobami Akanbi Oke-Ogun Mujtabah Bature Ophthalmological Society Of Nigeria Sa\'adu Salahu Kayode Yusuf John Kehinde Salako Salihu Ajibola Ajia Adamu B. Yaqubu Micheal Imodu-Ganmo Road NIPOGA Maigida Soludero Transit Simeon Sayomi Guber Aspirant Okanlawon Musa Musa Alhassan Buge Isiaka Danmeromu Simeon Ajibola Jebba Ibraheem Adeola Katibi Ahmed Bolaji Nagode Moji Makanjuola Alaaya Isiaka Gold Jelili Yusuf Garba Idris Ajia Ibrahim Akaje Bukola Ajikobi Abegunde Goke Ilorin South Oyedun Juliana Funke Mopelola Abdulmaliq-Bashir Abdulrazaq Adebayo Pakata Iqra Books Lawal Jimoh Pategi Forgo Battery Company Limited Majlis For Sadakah, Zakat And Waqf Kale Bayero

