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.
Ahmad Lawan Nagode Yeketi Kulende-UITH AGF Abdulrazaq Chief Imam Of Offa Kwara State Governor Monkey Pox HAMFAT Clinic And Maternity Oke-opin Mary Kemi Adeosun Olayinka Jelili Yusuf Marafan Shonga Unilorin FM Muftau Akanbi Oke Aiyedun ASKOMP Modibbo Kawu Prince Mahe Abdulkadir Abiodun Jacob Ajiboye Federal Neuro-Psychiatric Hospital ER-KANG Mining Isapa Aminu Ado Bayero Abdulraheem Olesin Abubakar Suleiman Egbewole Rice Farmers Association Of Nigeria Tsaragi Isau Jimoh Akani Yusuf Amuda Abubakar Isaac Gbenle Ohoro Of Shao Playing Host Quareeb Islamic Association ITP Edu Mohammed Katsina Ahmed ARMTI Abdulwaheed Musa Kubra Kazum Kudirat Arinola Lawal Laduba Abdul Jimoh Mohammed Shuaibu Yaman Federal College Of Education (Special), Afon Oyeyemi Olasumbo Florence New Model Police Station Adewuyi Funmilayo Oluwatoyin Lukman Abdulrazak Shehu Akorede Umar Ayinla Saro Raliat AbdulRazaq Lanre Issa-Onilu Umar Adelodun Kwara State Branch Of The National Library Pakata Galland Marcias Nigeria Governors\' Forum Bashir Adigun Tunde Mukaila Mustapha Abdulsalam Firdaous Amosa Ajia-Bako Nigerian Army Kwara State Sports Commission Muslim Stakeholders Of Kwara State Kwara Muslim Pilgrims Welfare Board Turaki Ilorin West Abubakar Kawu Baraje Okedare Senate President Abubakar Baba Sulaiman Shuaibu Yaman Abdullahi Yakub Lai Gobir Dele Belgore

