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.
Guber Aspirant Sebastine Obasi Olajumoke Monsura Gafar Kwara State Internal Revenue Service Government Girls’ Day Secondary School Pakata SGBN Inside Kwara Abdulazeez Arowona Seni Saraki Muslim Stakeholders Of Kwara State Neo Mundo Ltd Justina Oha Yaru Azeez Salawu Toyosi Thomas Salihu Ajibola Ajia Azeez Bello John Olobayo Iliasu Minimum Wage Lanwa Offa Poly CCT Ben Duntoye Binta Sulyman Ganmo Power Sub-Station Surajudeen Akanbi Oluranti Idowu Ahman Patigi Ladi Hassan Yusuf Ibitokun Sherifat Muhammadu Gobir Wale Oladepo James Ayeni Wahab Olasupo Egbewole Olomu Jalala Abegunde Goke Aliyu Sabi Gbemi Saraki Kwara State Television (KWTV) Agboola Babatunde Edu United Nigeria Airline Amuda Bembe Ballah Share-Tsaragi Hakeem Idris Chikanda Monkey Pox Musibau Akanji David Adesina Abdulrazaq Solihudeen Ibrahim Akaje 20 Billion Bond Talaka Parapo Sulyman Tejidini Adama Isa Oyeyemi Olasumbo Florence Monthly Sanitation Exercise Abdulrahman Onikijipa Isiaq Khadeejah Dan Iya Of Ilorin Local Government Ramadan Baba Adini Of Kwara State Crystal Corner Shops Hajj LAK Jimoh Ibrahim Mohammed Saheed Popoola Babaita Idowu Laro Shururat Olatinwo Dauda Adeniran Adeshola Sambo Murtala SWAN

