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.
Aishatu Ahmed Gobir Yakubu Dogara Oba Abdulrahim Bolakale Kawu Mustapha AbdulGaniyu Coronavirus Chikanda Suleman Abubakar United Nigeria Congress Party Alao Ayotunde Segun Abifarin Mohammed Lawal Sulu Babaita Isiaka M.Y. Abdulrahaman African Democratic Congress Olupako Of Share 20 Billion Bond Iliasu Innocent Okoye Irepodun Simeon Ajibola Ayotunde Emmanuel Alao Abdul-Rahoof Bello Ganmo Abdullahi Adisa Akodudu Alimi Abdulrazaq Kanu Agabi Adaramaja Raliat Elelu-Habeeb Taofeek Sanusi Alimi Kwara State Coalition Of Business And Professional Associations Yusuf Zulu-Gambari Onilorin Of Ilorin LABTOP AbdulGafar Tosho Yakub Lai Gobir KFA Musibau Akanji Gbenga Adebayo Zainab Abass Shaykh Luqman Jimoh Olaiya Zuberu KW-GIS Demola Banu Abdulraufu Mustapha Shuaib Jawondo Federal Polytechnic Offa Basit Olatunji Onikijipa Shuaibu Yaman Abdullahi Moremi High School Yakubu Gobir Hussein Oloyede Ilorin Emirate BIR Oniwasi Agbaye Sam Onile Saka Keji Oke-Ode Alabe Durbar Festival Park Sobi Hill Assayomo Yakubu Shaaba Umar Sanda Yusuf Sango-UITH Road Federal Neuro-Psychiatric Hospital Kunle Suleiman Lukman Oyebanji Fagbemi A.O. Belgore Government High School Adeta Special Agro-industrial Processing Zone NaAllah Yusuf Babatunde Abdulwahab George Innih

