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.
Yemi Sanni Sai Kayi Oyeyemi Olasumbo Florence Saliu Ajia Babaloja-General IYA YUSUF Abdulrazak Shehu Akorede Ali Ahmad Suleiman Ajadi Muhammad Mustapha Suleiman Mohammed Tunde-Jimoh Ayinde Oyepitan Kwara Metro Park Kwara NIPR AbdulRauf Keji Ishaq Abdulkarim AbdulRahman Saad Tayo Awodiji Gobir Muhammadu Buhari Adaramaja Kwara State Geographic Information Service Sobi AGM Professional Services Yusuf Abdulkadir Idris Garba EFCC Vasolar Consortium Overland Kunbi Titiloye Henry Olaosebikan Katibi Ibraheem Adeola TESCOM Funke Adedoyin 3MTT Mahmud Babatunde Baker Abraham Ojo Geri-Alimi Split Diamond Interchange Rex Olawoye Susan Modupe Oluwole Muslimah Entrepreneurship Forum Salihu Jibril Garbi Isau Senate Presidency Olushola Saraki Abdulquowiyu Olododo Segun Olawoyin Salau Kabiru Abdullahi Olaitan Adefila Laolu Saraki Dar-Al-Handasah Consultants Lawal Olohungbebe Oke-Ode Chief Imam Of Omu-Aran National Pilot Nigeria Governors\' Forum Chief Imam Of Lafiagi Tafida Of Kaiama Usman Rifun Air Peace Ghali Alaaya Saba Mamman Daniel Maryam A. Garuba IDPU Ishola Moses Abiodun Gbugbu Ojuekun Sarumi UITH Agor Oju Ekun Sarumi Sanitation Exercise David Oyedepo Orisa Bridge Sarah Jubril Abdulfatai Salman Baakini NaAllah Muyiwa Oladipo Kanu

