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.
Durosinlohun Atiku Sa\'adatu Modibbo-Kawu Bolakale Kawu Razaq Atunwa Ilorin Central Mosque Gambari Bello Taoheed Abubakar Katibi Ibraheem Adeola Www.Kwarareports.com IFK Kwara Muslim Pilgrims Welfare Board Saka Isau Kunbi Titiloye Bashirat Bola Bello Budo Egba Gafaru Olayiwola Olorisade Y.A. Abdulkareem Ophthalmological Society Of Nigeria Lanre Olosunde Ado Bayero Salman Suleiman Aisha Abodunrin Ibrahim Oloye Unilorin FM Oni Adebayo Gbemi Saraki Jide Oyinloye Mohammed Ghali Alaaya Ubandoma Of Ilorin Zubair Folorunsho Erubu University Road Yusuf Arowosaye Abubakar Baba Sulaiman HYPPADEC Jare Olatundun Azeez Bello Afeyin-Olukuta Omoniyi Ayinla Leke Ogungbe Kwara State Health Insurance Agency Akeem Olatunji Mohammed Yahaya Barki Hussein Oloyede BIR Egbewole UTME Bolakale Kawu Agaka Femtech Muhammad Sirajo Aliyu Abatemi-Usman Metro Park Akorede Gabriel Fashanu 2023 Elections Abdullahi Adisa Akodudu Valsolar Consultoria TIC Kwara Primary Health Care Development Agency Ahmad Lawan NURTW Segun Abifarin Abdullah Janet Amudat Ilorin Emirate Sebastine Obasi Ajidagba Moro Yusuf Abubakar Chief Of Staff Adijat Adebiyi Ishaq Salman Kwara Salihu Yahaya Olokoba Alimi KSIRS Galadima Valsolar-Kwara Company Limited

