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.
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

