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.
Ibrahim Mashood Kassim Babamale Abdulrazaq Aiyelabegan Jimoh Lambe Abdulkareem AbdulRazaq AbduMajeed Alaro Kwarareports Ilorin.Info Kwara State Infrastructure Development Fund Ajibola Ademola Julius Saadu Alanamu Oloyede Ibrahim Issa Jetti Shagari Aro Yahaya Hussein Oloyede Musa Alhassan Buge Bank Of Industry Saliu Tunde Bello Standard Organization Of Nigeria Gwanara Folaranmi Aro KWASIEC Pacify Labs Oni Adebayo Iyiola Oyedepo Abdulquowiyu Olododo Saka Balikis Kehinde Awwal Jawondo Muhammad-Mustapha Suleiman Valsolar-Kwara Company Limited Lawan Matthew Okedare Olaosebikan Gbugbu All Peoples Party Makama Shuaib Olarongbe Balogun Ajikobi Neuropsychiatric Hospital Crystal Corner Shops Ahman Patigi Baruba Mohammed Lawal Bagega Peter Obi Dagbalodo Damilola Yusuf Seni Saraki Folajimi Aleshinloye Jawondo Salihu Alhaji Musa Sherif Sagaya Maigida Binta Sulyman Sa\'adatu Modibbo-Kawu Igosun Abdulmumini Jawondo Abdulmumini Sanni Jawondo Garba Ayodele Wahab Ilorin Amusement Park Funmilayo Oniwa Muslim Stakeholders Of Kwara State Abdullateef Abdussalam Usman Yunusa Dumagi Saliu Shola Taofeek Akom Construction And Engineering Synergy Ltd Veterinary Teaching Hospital Maimunat Oloriegbe Alloy Chukwuemeka Donatus Ejidike Yinka Aluko Medinat Folorunsho Salman Facebook Abubakar Aliagan LABTOP Saadu Gbogbo Iwe Saheed Akinwumi

