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.
Kwara State Government Baba Issa Kolawole Akande Mary Kemi Adeosun Oyelere Oyinloye Salihu Alhaji Musa Ibrahim Abdulkadir Abikan BECE Ayodele Shittu Adamu Jemilat-Baki SUBEB Kolawole Bashirat Oniyangi Sunday Popo-Ola Ahmed Alhasssan SSUCOEN Yoonus Lawal TIC Olaiya Victor Mobolaji Makama Of Ilorin National Union Of Road Transport Workers Ibrahim Jawondo Olateju Lukman Ibikunle Ogunleye Oba Mogaji Abdulkadir Zubair Folorunsho Erubu Oladimeji Thompson Share-Tsaragi Sherif Shagaya Oke-opin Niyi Osundare Danladi Awwal Jawondo SWAN Issa Manzuma Adedipe Taofeeq Olateju Iyeru Grammar School Saka Adeyemo Sobi FM Ethical College Maryam Nurudeen Tunji Folami Isiaka AbdulRazaq Ile Arugbo Bashiru Makama Dauda Adesola Ahmad Fatima Bisola Adamu Attah Gambari Noah Yusuf Igbomina Photo News Elerin Of Erin-Ile Abdulrahman Onikijipa Edret Sabi Abel Ilorin Innovation Hub UTME Mustapha Akanbi General Tunde Idiagbon International Airport Ilorin Olukotun Of Ikotun Kwara Consultative Forum National Pilot Olufolake Abdulrazaq Manzuma Shuaib Abdulkadir Offa Sulu Babaita Isiaka Abdulazeez Uthman Aminat Ahmed Sun Qing Rong Dele Momodu Kwara North Hassan Taiye Salam Issa Baba Tescom.kwarastate.gov.ng Government House

