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.

Neuropsychiatric Hospital     Rice Farmers Association Of Nigeria     Halimah Perogi     Harafat E. Mukadam     Islamic Development Bank     Joana Nnazua Kolo     Abdulazeez Uthman     Mopelola Abdulmaliq-Bashir     HYPPADEC     Abraysports FC     Christian Association Of Nigeria     New Model Police Station     Baboko     Egbejila     Ayedun     Saliu Ajia     Tayo Awodiji     Abdullah Janet Amudat     Muhammed Mahe Abdulkadir     Ahman Pategi     Abdulazeez Arowona     Alagbado     March 18     Bayer AG     Kassim Babamale     Frootify     Zaratu Umar     Sabitiyu Grillo     Doyin Agbamu     Abdulkadir Remi Hawawu     Abdulrazaq Akorede     Baruten     Aliyu Muhammad Saifudeen     Valsolar-Kwara Company Limited     Kayode Issa     Iyiola Oyedepo     Kumbi Titiloye     Fulani     KWASEIC     Moshood Kashimawo Abiola     ASKOMP     Maja     Idris Amosa Oladipo Saidu     Ganmo Electricity Sub-Station     Ibrahim Oloriegbe     Simeon Sule Ajibola     Park     Monkey Pox     Monthly Sanitation Exercise     Nigerian Army     Nagode     Lai Gobir     Okin Biscuit     Ibrahim Taiwo     Bola Tinubu     Aliyu Kora-Sabi     Mohammed Katsina Ahmed     Gwanara     Gbajabiamila     Abdulrauf Yusuf     Prince Bola Ajibola     Muhammed Abdullahi     Ahmed Ayinla Jimoh     Lai Mohammed     Damilola Yusuf Adelodun     Idris Garba     Lateef Alagbonsi     Kwarareports.com     Kolade Solagberu     Taiwo Joseph     IEDPU     Waheed Ibrahim     Kayode Ishola     Oba Abdulrahim     Abubakar Baba     Jimoh Akani     Musa Alhassan Buge    

Cloud Tag: What's trending

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

Olushola Saraki     Lawyers Unite Against Corruption     Solomon Edoja     Turaki Of Ilorin     Bayo Ojo     Suleman Abubakar     Baba Issa Awoye     Abegunde Goke     Sheikh Alimi     Offa Grammer School     Nigeria Customs Service     Memunat Monsuma     Kabir Shagaya     Musa Alhassan Buge     Just Event Online     Ibrahim Abdulkadir Abikan     Olokoba     Abubakar Imam     MalHub     Abdullateef Abdussalam     Majlis For Sadakah, Zakat And Waqf     Ajayi Okasanmi     Kwara Politics     Jimoh Bashir     Michael Nzekwe     Egbewole     Yeketi     Adedeji Onimago     Adisa Logun     Aremu Odolaye     Muslim Cementary     Al-Hikmah University     Oba-Solagberu     Oyedepo     Abdulfatai Baakini     Shoprite     Radio SBS     Ibrahim Taiwo Road     Omoniyi M. Ayinla     Plat Technologies Limited     Oro Grammar School     Mumini Ishola Hanafi     Adeleke Ogungbe     Oba Sulaiman Asude     Temitope Ogunbanke     Sulu Gambari     Firdaos Amasa     Binta Abubakar Mora     Oke-Ero     Ishola Abdullahi     Saduki Lafiagi     Elerin Of Adanla     Kwara State Fire Service     Tayo Alao     Ibrahim Mashood     Talaka Parapo     IESA     Abdulsalam A. Yusuf     Niguel Gallando Marcias     Kwara State Television (KWTV)     Ahmad Olanrewaju Belgore     Halimah Perogi     Owu Fall     Khairat Gwadabe     Suleiman Yahya Alapansapa     Bello Bature     Doyin Awoyale     Oladipo Akanmu Tolani     Bond     11th Galadima     Ayodele Kuburat Olaosebikan     Elese Of Igbaja     Salihu Ajia     Sheu Ndanusa Usman     Abdulganiyu AbdulAzeez     A.O. Belgore     Aliyu Muhammad Saifudeen