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.
Mamatu Abdullahi Gobir Kwara NIPR Alapado Folajimi Aleshinloye Ahmad Ali Ibrahim Akaje Wahab Kunle Shittu HYPPADEC Oke-Ero Ibrahim Jawondo Firdaos Amasa Agbarere Mumeen Lah Ben Duntoye Saba Jibril Afolabi-Oshatimehin Adenike Harriet Folorunsho Alao Mujtabah Bature Bolakale Saka Facebook Yahaya Oloriegbe Rafiu Ibrahim Kwara Polytechnic Wahab Olasupo Egbewole Mohammed Tunde-Jimoh NFAI Mogaji Aare JAMB Yetunde Balogun Adamu Attah Ministry Of Women Affairs And Social Development NaAllah Akom Construction And Engineering Synergy Ltd Dele Belgore Tinubu Apado Bukola Ajikobi Lola Ashiru Alanamu Ilota SSA Youth Omupo Aremu Bose Deborah Gbajabiamila Emir Of Lafiagi Funmilayo Oniwa Razak Atunwa Ahmed Saidu Rufai Tunde Idiagbon Road Bisi Oyeleke IFK Public Holiday Omoniyi Ayinla Oke-Ogun Tanke Esinniobiwa Quareeb Atiku Abubakar Local Government AbdulRahman Saad Jumoke Gafar Adedayo Yusuf Abdulkareem Abiodun Oyedepo Ilorin Likeminds Foundation Shuaib Jawondo Tuesday Assayomo Erubu High Court Joshua Adeyemi Adimula Kwara Hotel Kamoru Kadiri Omu Aran Noah Yusuf Universal Basic Education Commission Simeon Ajibola Kolade Solagberu Tunde Yusuf

