Ex-NBC Chief Cleared of ?2.5bn Fraud as Court Criticises ICPC's Case

Date: 2025-02-14

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.

Zara Umar     Baboko     Maryam Ado Bayero     Muyideen Ajani Bello     Emmanuel Bello     Kwara State Printing And Publishing Corporation     Yusuf Lawal     Dan Iya     LEAH Charity Foundation     Olabode George Towoju     Ibrahim Abduquadri Abikan     Esinrogunjo     Alfa Modibo Belgore     Lithium     CT Ayeni     Olatunde Jare     Jalala     Ahmed Saidu Rufai     Ibrahim Issa Jetti     Tinubu Legacy Forum     Balogun Fulani     Adisa Logun     Muhammed Akanbi     Women Radio     Amuda Bembe     NYSC     Adeleke Ogungbe     Obuh     Olugbense     Tuesday Assayomo     Geri-Alimi Split Diamond Interchange     Idris Amosa Oladipo Saidu     Opolo Global Innovation Limited     2017 Budget     Rice Farmers Association Of Nigeria     George Innih     Kwara Restoration Project     Saheed Akinwumi     Umar Ayinla Saro     Sayomi     Prince Sunday Fagbemi     Zainab Abass     Onikijipa     V.O. Abioye     Lateef Ademola Olatunji     Stephen Fasakin     Oloje     Ayo Adeyemi     Arca Santa     Local Government Pension Board     Muhammed Mahe Abdulkadir     Seed Technologies     Ilorin Emirate Staff Association     Galadiman Ngeri     Yaman     Bello Oyebanji     Nigeria Foundation For Artificial Intelligence     Ishola Abdullahi     Ajakaye     Folorunsho Alao     Chikanda     Moses Afolayan     Special Adviser On Digital Innovation     Vasolar     Dunmade     Olofa Of Offa     Ajibike Katibi     Pakata Patriots     Olam Food Ingredients     08001000100     Afusat Nike Ibrahim     Abdulahi Abubakar Bata     Offa Metropolitan Club     Government High School Adeta     Kamaldeen Gambari     Mutawali Of Ilorin     AbdulRazaq AbduMajeed Alaro    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Saidu Kawu     Rapheal Ashaolu     Abdulrasheed Akogun     Ayobola Ipinlaiye     Quran     Saliu Ajibola Ajia     Niyi Ogundiran     Musa Aibinu     Universal Basic Education Commission     Saka Asiat Ayinke     Sabi     Stephen Fasakin     Zulu Gambari     Patigi Regatta     Saliu Oluwole     Oladimeji Thompson     Mashood Dauda     Women For Change And Development Initiative     NITDA     Issa Baba     Abdulrosheed Okiki     Alaaya     Modupe Oluwole     AbdulRasaq Abdulmajeed Alaro     Oke Sunna     Centre For Peace And Strategic Studies     Saba Mamman Daniel     Moses Rahman Popoola     Just Law Forum     Bio Ibrahim     Veterinary Teaching Hospital     Owode Market     Ayotunde Emmanuel Alao     ER-KANG Mining     Mufutau Olatinwo     Kayode Oyin Zubair     UITH     Yoruba     Dagbalodo     Dar-Al-Handasah Consultants Ltd     Soffiyyallah Kamaldeen     CELF     Democracy Day     Afeyin-Olukuta     Gbemi Saraki     Prince Mahe Abdulkadir     Aliyu Sabi     Jimoh Bashir     Olosi Of Osi     Akeem Lawal     Flights To Ilorin     Kanu Agabi     Dauda Adeniran Adeshola     Sabitiyu Grillo     Vasolar     Nigerian Medical Association     Special Adviser On Digital Innovation     Samuel Adaramola     Agboola Abdulraheem     Ojo Fadumila     Abdulrahman Abdulrazaq     Olumide Daniel Ibitoye     Vasolar Consultoria     Moses Salami     Ahmad Olayiwola Kamaldeen     Savannah Centre For Diplomacy, Democracy And Development     Onilupeju Of Ilupeju     Ilorin East/South Federal Constituency     Abdulrasaq Alaro     Abdulsalam A. Yusuf     Kisira     Transition Implementation Committee     Bamidele Adegoke Oladimeji     Share-Tsaragi     Oniyangi Kunle Sulaiman     Tunde Saad     Oladipo Akanmu Tolani