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.

Okin Biscuit     Ayegbeni     Yaman     Tinubu Legacy Forum     Air Peace     Elekoyangan     Egbewole     Ibrahim Abiodun     Umar Adelodun     Aliyu Kora Sabi     Ahmad Uthman     Michael Nzekwe     Jumoke Gafar     Oke-Kura     Razaq Ayobami Akanbi     Abraham Ojo     Sadiq Buhari     Kehinde Boyede     Face Masks     Maimunat Oloriegbe     James Ayeni     Mukhtar Shagaya     Trader Moni     Turaki Of Ilorin     Abdulkadir Akanbi-Oke     Lanre Issa Onilu     Ayobami Seriki     Kwara Apc     Ola Falade     Rebecca Bake     Ilorin Emirate     Fareedah Dankaka     Tsaragi/Share     Ilorin Airport     Wale Oladepo     Salaudeen Oyewale     Ojuekun Sarumi     Mufti Of Ilorin     Dauda Adeniran Adeshola     Harrison Osauwagboe     ER-KANG Mining     Shehu Alimi Foundation     Raliat Elelu-Habeeb     Olaosebikan     ER-KANG Mining Nigeria Company Limited     EndSARS     Issa Memunat Moyosore     IHS Towers     Sa\'adu Gambari     Erubu Oba Zubair     Yahya Mohammed     Ramadhan     Oluwatoyin Lukman     Yahaya Muhammad     Abdulquawiy Olododo     General Hospital     Ayo Adeyemi     Olosi Of Osi     Raliat AbdulRazaq     Afin Descendants Union Of Odo-Owa     Yusuf Ali     Agbarere     Gbenga Olawepo     Ilorin Water Reticulation     Suwa-Arabs     College Of Arabic And Islamic Legal Studies     Muazam Nayaya     Reuben Paraje     Ibrahim Orire     Olufolake Abdulrazaq     Ilorin South Constituency     Logun     Akande Idowu Ayoola Muhammed     Esinrogunjo     Ahmed Shuaib Buranga     Isa Aremu     Gbenga Awoyale    

Cloud Tag: What's trending

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

Yaru     ASMAU PLAZA     Olofa Of Offa     S.O. Opowoye     Abubakar Olusola Saraki     Awwal Jawondo     Aliyu Kora Sabi     Ike Ekweremadu     Ayo Opadokun     Mahee Abdulkadir     Taofeek Ibraheem     Isiaq Khadeejah     Olaitan Buraimoh     Biliaminu Aliu     Yusuf Zulu-Gambari     Kwara State Council Of Chiefs     Government High School Adeta     Olatunde Jare     Maimunat Oniyangi     Diagnostic Centre     Damilola Yusuf Adelodun     Albert Ogunsola     Patigi Regatta     International Aviation College     Ibrahim Abikan     Suleiman Rotimi Iliasu     Ezekiel Yissa Benjamin     Jimoh Bashir     Rabiu Kwankwaso     General Hospital     Tuesday Assayomo     Adamu Atta     Abdulrosheed Okiki     Dogara     Okanlawon Musa     2023 Elections     Ganmo Power Sub-Station     Mohammed Ibrahim     Oya State     Haleeman Salman     John Mayokun Dada     Agboola Babatunde     Ajibola Saliu Ajia     Monsurat Omotosho     Abdulfatah Ahmed     Abdulraheem Yusuf     Teachers Specific Allowance     AbdulQowiy Olododo     Afolayan     Henry Makinwa     Seed Technologies     Oyelere Oyinloye     Damilola Yusuf     Bibire Ajape     Balogun Fulani     Afolasade Opeyemi Kemi     Prince Mahe Abdulkadir     M.Y. Abdulrahaman     Tinubu Legacy Forum     Association Of Kwara State Online Media Practitioners     Amusa Bello     Saka Onimago     Esinrogunjo     Olugbense     Adamu Ibrahim Sabi     KW-GIS     Anilelerin     Abegunde Goke     Economic And Financial Crimes Commission     Wahab Egbewole     Yakubu Danladi     Omoniyi M. Ayinla     Funmilayo Isiaka Oniwa     Bisi Oyeleke     Peter Obi     Afin Descendants Union Of Odo-Owa     Rafiu Ajakaye