Ex-NBC Chief Cleared of ?2.5bn Fraud as Court Criticises ICPC's Case

Date: 2025-02-14

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.

Markaz Arabic And Islamic Training Institute, Agege     The Herald     Bello Oyedepo     Ilesha-Gwanara     Saadu Gbogbo Iwe     Mohammed Alabi Lawal     Adebara     Saba Jibril     State Bureau Of Internal Revenue     Babatunde Ajeigbe     Amoyo     Kwara Volleyball Association     Olaiya Lawal     Adam Abdullahi Al-Ilory     Sherif Shagaya     Kisra     Adolescent Girls Initiative For Learning And Empowerment     Abdulrahman Abdulrazak     Saka Keji     Monthly Sanitation Exercise     Sidikat Uthman Ajibola     Kayode Ogunlowo     Elerin Of Adanla     Sanusi Abubakar     Smart School     Kazeem Gbolagade     Abubakar Bature Sulu-Gambari     Ajasse-Ipo     Jimba Babatunde     MalHub     Tsaragi     Neo Mundo Ltd     Ilorin General Hospital     Yusuf Abubakar     LEAH Charity Foundation     Raliat Islamic Foundation     Veterinary Teaching Hospital     Matthew Okedare     Abdulrazaq Magaji     Balogun Fulani     Abdulwahab Oba     CACOVID Palliatives     Mohammed Khadijat Kubura     Abdulmumini Jawondo     Mohammed Abduraheem     Oba Abdulrahim     Aliyu Alhassan     Muritala Olarewaju     Habeeb Abdullahi Al-Ilory     Hameed Oladipupo Ali     Adamu Atta     Idiagbon     Abdulwahab Ololele     Kwara South     Ola Falade     Dan Iya Of Ilorin     Amos Bajeh     AbdulGafar Tosho     Mohammed Yisa     Odolaye Aremu     Balogun Gambari     Ayo Adeyemi     Abdullateef Abdussalam     Ilorin Curfew     Temi Kolawole     Saka Abimbola Isau     Seun Bolaji     Ahmed \'Lateef     Ahmed Saidu Rufai     Charles Ibitoye     Mahfouz Adedimeji     Okanlawon Musa     John Olajide Adedipe     Lanre Olosunde     Aisha Ahman-Pategi     John Olobayo     Nigerian Army    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Olatunde Oyeyiola     Ileloke     Afonja Descendants Union     Michael Nzwekwe     Babaita     Muslim Stakeholders Of Kwara State     Abdulmajeed Abdullahi     Onilorin     Funmilayo Isiaka Oniwa     Rice Farmers Association Of Nigeria     Onilorin Of Ilorin     Kazeem Gbolagade     Air Peace     Tinubu Legacy Forum     Oke Sunna     Ahmed Idris Mohammed     Babaloja-General     Road Transport Employers Association Of Nigeria     Sidikat Alaya     Ibrahim Kayode Adeyemi     Saka Isau     Eghe Igbinehi     Temitope Ogunbanke     Mogaji Aare     Ilorin East     Onikijipa     Ilorin Durbar     Kwara United     Egbejila     Adebayo Mohammed Kamaldeen     Ahmed \'Lateef     Senior Staff Union Of Colleges Of Education     Bilikisu Oniyangi     Oniyangi Kunle Sulaiman     Sabi     Isiaka Danmeromu     Revenue Court     Abdulkadir Jimoh     Abubakar Lah     Abdulsalam A. Yusuf     Yusuf Amuda Aluko     Onilupeju Of Ilupeju     Yeketi     Theophilus Oyebiyi     Woro     IHS Towers     Ibraheem Adeola Katibi     Oko-Olowo     Olubukola Kifayat Adedeji     Bilikis Oladimeji     Asa     Veterinary Teaching Hospital     GAMA     Bature Bello     Akanbi-Oke     Bolaji Nagode     Ahmad Belgore     Abubakar Usman Jos     Ilesha Gwanara Road     Ibrahim Issa Jetti     Agbarere     Adesoye     Atiku Abubakar     Bukola Ajikobi     NIRSAL     Bamidele Adegoke Oladimeji     Surajudeen Akanbi     Memunat Monsuma     Salami Adekunle     John Mayokun Dada     Kola Shittu     Rapheal Ashaolu     Osi     Zubair Folorunsho Erubu     Kaosarah Adeyi     Kwara Consultative Forum     JSSCE