Ex-NBC Chief Cleared of ?2.5bn Fraud as Court Criticises ICPC's Case

Date: 2025-02-14

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.

S.O. Opowoye     Yoruba     Shuaibu Yaman     Ishaq Abdulkarim     Kehinde Baale     Isiaka Gold     Admiralty Villa     Baba Idris     AbdulRasaq Abdulmajeed Alaro     Aminat Ahmed     Oja-Oba     Ajibola Ademola Julius     Issa Manzuma     Mohammed Danjuma     Oluwole Dupe     CCEPE     Isiaka Yusuf     Amada Jidda     John Dara     Alloy Chukwuemeka     Iyabo Dupe Adekeye     SSUCOEN     Press Release     Share-Tsaragi     Local Government Pension Board     Lanre Olosunde     Doyin Agbamu     Jeunkunu-Malete-Bani     Suleiman Ajadi     Chikanda     Kazeem Oladepo     Mary Kemi Adeosun     Kpotum Mohammed Baba     Sardauna     Pakata Patriots     Ojuekun     Sa\'adu Salahu     Emir Of Kano     Overland     Imodoye Writer’s Enclave     CLAY POT     National Party Of Nigeria     Allocation     Alumni Association Of The Federal Polytechnic Offa     Odogun Olushola Gabriel     Rebecca Bake     Oke-Ode     Ojo Fadumila     Oke-Ero     Markaz Arabic And Islamic Training Institute, Agege     Mohammed Alabi Lawal     Adebara     Sebastine Obasi     Jide Ashonibare     Moro     Baba Adini Of Kwara State     UNILORIN Alumni     Ilorin Durbar     Shehu Salau     Ayodele Kuburat Olaosebikan     Tafida Of Kaiama     Aisha Gobir     Amuda Bembe     Sheikh Ridhwanullah El-ilory     Alagbado     Ayinke Saka     Sun Qing Rong     Mustapha Olanipekun     Kwara Teaching Service Commission     David Oyepinola Adedumoye     Issa Baba     Kazeem Adekanye     Isiaq Khadeejah     Temi Kolawole     Kamoru Kadiri     John Olobayo     Mashood Dauda    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Waheed Ibrahim     Oya State     Ike Ekweremadu     Oniye     Ibrahim Oloriegbe     SGBN     Frootify     Aishatu Ahmed Gobir     Tunji Arosanyin     Lanre Issa-Onilu     Mohammed Lawal Bagega     Christian Association Of Nigeria     IDPU     Ifelodun     Okin Group     Oniwasi Agbaye     A.O. Belgore     Alimi     Jimoh Akani     Economic And Financial Crimes Commission     Oba Abdulraheem     NIPOGA     Javed Khan     Muhammed Danjuma     Abdulhakeem Amao     Hamidat Sulyman-Yusuf     NFAI     Saka Asiat Ayinke     Oniyangi     Maimunat Oloriegbe     Makama Of Kaiama     Otuka     Yusuf Abdulraheem     Oloriegbe     Saadu Gbogbo Iwe     Azeez Bello     Eruku     Moshood Kashimawo Abiola     Sarkin Malamai     Adebara     Bayer Nigeria Limited     VADA     Monkey Pox     Ebun-Olu Adegboruwa     Abdullahi Samari     Kemi Adeosun     Surajudeen Akanbi     Aasiyat Bello Oyedepo     Aliyu Salihu     Mohammed Abduraheem     Opaleke Bukola Iyabo     Ajasse-Ipo     Abdulquowiyu Olododo     Donatus Ejidike     Raji AbdulRasaq     Chief Imam Of Lafiagi     TESCOM 2025     Hikmah AbdulKareem     Aliyu Sabi     Mohammed Lawal     National Party Of Nigeria     Baba Adini Of Kwara State     Gbenga Awoyale     Sulyman Tejidini     NNPP     Oro Grammar School Old Students Association     Ilorin     Sabi     Offa Poly     Saliu Ajia     Senior Staff Union Of Colleges Of Education     Olatunde Jare     Olokoba Abdullahi Ayinla     Ajuloopin     Ayodele Olaosebikan     SWAN     Umar Ayinla Saro