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.
Oloyede Oja-Oba Mohammed Abduraheem Agor Sabo-Oke Sunday Popo-Ola Sheikh Alimi Olaiya Victor Mobolaji Saka Aleshinloye Ishola Abdullahi Abdulquawiy Olododo Congress For National Consensus Salman Jawondo Adesina Simon Sodiya Suwa-Arabs Ile Arugbo Kayode Issa Olushola Saraki Aremu Odolaye Ridhwanullah Al-Ilory Moses Rahman Popoola Osi Oloruntoyosi Thomas Sabitiyu Grillo Chief Of Staff Royal FM Muhammed Akanbi Oke-Ero Dar-Al-Handasah Consultants Ltd General Tunde Idiagbon International Airport Ilorin Lawal Jimoh Salaudeen Oyewale International Vocational Centre ARMTI Jumoke Gafar Opolo Global Innovation Limited Amina El-Imam Sulu Gambari Abubakar Baba CCT Al-Hikmah University Abdulazeez Arowona Aro Yahaya Tsaragi-Share Teachers Specific Allowance Olosi Of Osi Quareeb Islamic Association Jelili Yusuf Babatunde Ajeigbe Ilorin Likeminds Foundation Soffiyyallah Kamaldeen Esinrogunjo Kwara Basketball Association Tunji Folami Dumagi Ilorin Emirate Stakeholders Forum ASUU Saka Adeyemo Kubra Kazum Sarah Jubril QuickWin Hussein Olokooba Dasuki Belgore PharmAccess Foundation Alabi Lawal Afolabi-Oshatimehin Adenike Harriet Mubarak Oladosu Paul Odama Yoonus Lawal Ayobola Ipinlaiye United Nigeria Congress Party Salihu Ajibola Ajia Ministry Of Women Affairs And Social Development Ilorin Talaka Parapo Post Utme Babata Sulyman Tejidini

