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.
Chikanda Idowu Laro Oniye Idris Amosa Oladipo Saidu Sabo-Oke Special Agro-Industrial Hub Waheed Ibrahim Lawal Olohungbebe ARMTI Universal Basic Education Commission Fatai Adeniyi Garba Adebara Jide Oyinloye CACOVID N-Power Photo News Unilorin FM NULGE Salihu Jibril Garbi NFAI Idofin Asa LGEA School Razaq Atunwa College Of Health Abdullahi AbdulMajeed Amos Bajeh Christopher Ayeni Chief Of Staff United Nigeria Congress Party Shettima Of Ilorin Oniwa Toun Okewale-Sonaiya Lawal Arinola Kudirat Salake Convocation Ceremonies Oke-Ogun Dele Belgore Nigeria Customs Service Bukola Saraki Share-Tsaragi Kwara State Pension Board Tope Daramola Abdulkadir Jimoh National Broadcasting Commission Dan Iya Of Ilorin Prince Sunday Fagbemi Saheed Akinwumi Minimum Wage Ibrahim Abiodun Mohammed Katsina Ahmed Umar Danladi Shero Florence Saraki UNIFEMGA Sulyman Atolagbe Alege Harafat E. Mukadam Imodoye Writer’s Enclave Atunwa Abdulwahab Oba Wole Oke Abdulrahman Abdulrasaq Hassan Saliu Fatimat Saliu BECE Toyin Saraki Ajikobi Jimoh Bashir Bayer Nigeria Limited Federal Road Maintenance Agency KWAFFA Olubukola Kifayat Adedeji Ganmo Electricity Sub-Station Mohammed Danjuma Mohammed Abduraheem Taofik Abiodun Ahmed Arik Olofa Of Offa Christopher Odetunde

