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.
Hameed Oladipupo Ali Bayo Onimago Kulende Is\'haq Modibbo Kawu Toyin Saraki Kola Adesina Rashidi Yekini Saka Isau Umar Bayo Abdulwahab UNIFEMGA Kwabes Mufutau Gbadamosi Esuwoye Kwara Hotel Turaki AbdulHakeem Ajibola Akanbi Abdullahi Saadudeen Alikinla Kwara-SAPZ Project Bursary Tsaragi Islamic Development Bank Olabode Towoju Sabi Ramadan Toyin Falola Babajide Ajayi Aliyu Umar Memunat Monsuma Saka Saadu Convocation Ceremonies Abdulkadri Ahmad Alaiye Isiaka Gold Olokoba Kayode Oyin Zubair Olomu Of Omu-Aran Olosi Of Osi Offa Iponrin ER-KANG MalHub Olupako Abdulsalam A. Yusuf Daud Adeshola Abdulganiyu Salahudeen Asa Gwanara Haleeman Salman Amule Elementary School Afin Descendants Union Of Odo-Owa Ibrahim Oniye Yusuf Lanre Badmas Abubakar Bature Sulu-Gambari AbdulRahman Saad Funmilayo Zubair KWAFFA Adeola Abraham Sheikh Ridhwanullah El-ilory Dasuki Belgore Yakub Ali-Agan Oyedun Juliana Funke Crystal Corner Shops Ishaq Oloyede Shola Odetundun Suleiman Alege Kuranga Tunde Kazeem Ahmad Fatima Bisola Ayobola Ipinlaiye Kudirat Arinola Lawal Muritala Olarewaju 07039448763 Peculiar Allowance Abdulquowiyu Olododo Umar Danladi Shero Leke Ogungbe Mutawalle Razaq Atunwa Sabo-Oke Playing Host

