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.
IQRA College Abdulrahman Abdullahi Kayode Budo Egba Share-Tsaragi Ojuekun Sarumi Clement Yomi Adeboye Sobi FM Yahaya Dumoye Saka Adeyemo Read With Me Lukman Oyebanji Fagbemi Tunji Arosanyin Sabi General Hospital, Ilorin Abdulkadir Jimoh Saka Aleshinloye Www.Kwarareports.com Arinola Lawal Ebun-Olu Adegboruwa Gbemisola Oguntimehin Saka Abimbola Isau Abdullahi Adisa Akodudu Haliru Dantoro Ibrahim Gambari Seun Bolaji Bankole Omishore Christopher Tunji Ayeni Aminu Adisa Logun Kale Belgore CUTI Abegunde Goke Kwara Metro Park Amos Bajeh AGILE Programme Alimi Abdulrazaq Ojuekun Musa Alhassan Buge Mohammed Yahaya Barki Wahab Agbaje Turaki Saidu Kawu Ishola Abdullahi Nnazua Saba Jibril Islamic Development Bank Medview Airlines Sidikat Akaje Smart School Oju Ekun Sarumi Ademola Kiyesola Owo Isowo Kassim Babamale Aisha Abodunrin Ibrahim Olatunde Olukoya Yusuf Abubakar Ibrahim Issa Jetti Anilelerin Oba Sulaiman Asude IHS Towers Okanlawon Musa Kamaldeen Gambari New Nigeria People’s Party Saadu Alanamu Lucky Omoluwa Ali Ahmad Lukman Adeloyin Yusuf Abdulwahab Lawal Jimoh Mashood Dauda Siraj Oyewale Samari Hassan A. Saliu Baba-Isale Ahmed Saidu Rufai ITEM 7 David Oyerinola Adedunmoye Maja

