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.
National Broadcasting Commission Kassim Babamale Abdulmajeed Abdullahi IESA David Adesina Rotimi Samuel Olujide AIT Ilorin Bureau Of Lands Age AbdulKareem Kwara Volleyball Association Olosi Of Osi Joseph Offorjama Sulu Babaita Isiaka Sarah Jubril Abdulwaheed Musa College Of Health Saka Keji Razak Atunwa Monthly Sanitation Nigeria Customs Service Leke Ogungbe Kannike Segun Adeniyi Grillo Muslim Stakeholders Of Kwara State Prince Mahe Abdulkadir Transition Implementation Committee Dar-Al-Handasah Consultants Basit Olatunji Abioye Bello Mohammed Abduraheem Bamidele Adegoke Bello Taoheed Abubakar Offa Timothy Akangbe Osinbajo Kwara Primary Health Care Development Agency Alore Sheikh Ariyibi Kolade Solagberu Kupchi Hosea Maxwell Assayomo Manzuma Rabiu Kwankwaso John Olobayo Hydro-electric Power Producing Areas Development Commission Aliyu Muhammad Saifudeen Vishvas KOZ Tractors Surajudeen Akanbi All Confederation Of Principals Of Secondary Schools Isapa Isaac Gbenle Sabo-Oke SARS Ope Saraki Ibrahim Abiodun Kudirat Arinola Lawal Ijagbo Health Centre Abubakar Atiku Kpotum Mohammed Baba Share Shuaib Jawondo Junior Secondary School Certificate Examinations AbdulGaniyu Kareem Lola Ashiru Ishaq Salman Pategi National Association Of Nigerian Students Yusuf Amuda Abubakar Rafiu Olasile Muhammad Sirajo Aliyu Shehu Jimoh Kwabes Oyin-Zubair Olaiya Lawal Wahab Egbewole Clara Nwachukwu

