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.
Innocent Okoye Ifelodun Mumini Ishola Hanafi Yusuf Abdulwahab Agboola Babatunde Tinubu Legacy Forum Mohammed Haruna Abubakar Imam Abdullahi Imam Abdullahi Mohammed Danjuma Taibat Ayinke Ahmed Lai Gobir Siddiq Adebayo Idowu Salawu Haliru Yahaya Nurudeen Muhammed Ajase-Ipo Aro Yahaya Hamidu Olowo Wahab Isa AbdulRazaq AbduMajeed Alaro Dele Momodu Junior Secondary School Certificate Examinations Bayo Ojo Abdulquowiyu Olododo Garba Ayodele Wahab Popo-Igbonna United Nigeria Airline Idi-Ape Ayegbeni Abubakar B.M Senate Presidency ASUU Kwara South Ridwan Agboola Alaro Tosin Saraki Yeketi Bayer AG AbdulQowiy Olododo Raji AbdulRasaq Kamaldeen Kehinde Ella Supreme Tissue Paper Igbomina Oba-Solagberu Odolaye Aremu Kisira Bello Oyebanji Maigida Soludero Transit Umar Gunu Baakini Suleman Abubakar Funmilayo Oniwa Dar-Al-Handasah Consultants Ltd Minimum Wage Emir Of Ilorin Ilorin Descendants Progressive Union Orisa Bridge Sardauna Of Ilorin Oyelere Oyinloye Hamza Usman Osuwa Kazeem Oladepo Mohammed Ajia Ibrahim Hameed Oladipupo Ali Abdulkadir Bolakale Sakariyah Alapansapa Revenue Court Ishola Balogun Fulani Siraj Oyewale Yahaya A Paniyaro Eleja Taiwo Banu Ilorin Talaka Parapo Ibrahim Abikan Oluranti Idowu Road Transport Employers Association Of Nigeria COVID Olokoba Abdullahi Ayinla

