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.
CCT Abdulrazaq Adebayo Alabe Yashikira Kolade Solagberu AbdulRazaq Abubakar Jiddah Chikanda Galadiman Ngeri Council Of The Wise Shehu Alimi Foundation For Peace And Development Sa\'adu Salahu Kwara State Pension Board Oloruntoyosi Thomas Mohammed Ghali Alaaya Jelili Yusuf Kwara NIPR Abdulsalam Firdaous Amosa Iyabo Adewuyi Garba Dogo Alumni Association Of The Federal Polytechnic Offa Budo-Egba Issa Oloruntogun Alimi Abdulrazaq Fatimoh Lawal Lawan Nigerian Correctional Service Shonga Olaitan Adefila Monthly Sanitation Societe Generale Bank Of Nigeria Lanre Badmus Yunus Lawal Shettima Of Ilorin Cornelius Fawenu ASUU Local Government Vasolar-Kwara Company Ltd Doyin Awoyale Wahab Kunle Shittu Abdulrazaq Sanni Lanre Aremu Adanla-Irese Odogun Olushola Gabriel Student Learning Support Helpline Toyin Abdullahi NIRSAL Baba Adini Of Kwara State Olaitan Buraimoh Maigida Soludero Transit IYA YUSUF Ethical College Olumide Daniel Ibitoye College Of Health Rafiu Olasile NTA Ilorin Neuropsychiatric Hospital Galadima Tafida Of Kaiama Federal College Of Education (Special), Afon Zaratu Umar Lateef Alagbonsi Umar Saro Salihu Yahaya Adamu B. Yaqubu Yusuf Amuda Gobir Durosinlohun Atiku Yusuf AbdulRasheed Kwara Central Neo Mundo Ltd Kwara State Polytechnic Sardauna GGDSS Pakata Umar Ayinla Saro Femi Gbajabiamila Tunji Oyawoye Abdulrahman Abdulrasaq 2017 Budget

