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.
Taofik Abdulkareem Olateju Lukman Balogin Alanamu Florence Saraki March 18 Jimoh Bashir Issa Baba Abubakar Bature Sulu-Gambari Muhammed Abdullahi Mustapha Akanbi Suleiman Ajadi Funmilayo Isiaka Oniwa Tunji Moronfoye Adebayo Salami Umar Adelodun CACOVID Palliatives Yusuf Lanre Badmas Monthly Sanitation Exercise Omoniyi Ayinla Firdaos Amasa Medinat Folorunsho Salman Ayodele Shittu Alabe Senior Staff Union Of Colleges Of Education Muyideen Ajani Bello Hausa CCT Mohammed Alabi Lawal Oye Tinuoye Kwara Hotel Muslimah Entrepreneurship Forum Saadatu Modibbo-Kawu Ilorin Water Reticulation Bio Ibrahim Olatunde Michaels Ibrahim Issa Jetti Bukola Ajikobi SUBEB Oyelere Oyinloye Wahab Issa Isiaka Saka Opobiyi KWIRS Aliyu Muhammad Saifudeen SGBN Yusuf Ibitokun Sherifat Abdulfatai Baakini Yusuf Abubakar Obayomi Azeez Emir Of Yashikira Mahe Abdulkadir Gbenga Awoyale Vasolar Y.A. Abdulkareem Isiaka Abdulrazak Ekiti Halimat Yusuf Borgu Wahab Abayawo Ahmad Fatima Bisola Ayeyemi Sulaiman Cornelius Fawenu Ahman Patigi Lanre Issa Onilu Elewu Majlis For Sadakah, Zakat And Waqf Abubakar Baba Sulaiman General Tunde Idiagbon International Airport Pategi Olatunji Abdulmumeen Zulu Gambari Shaaba Lafiagi Onilorin Mohammed Ghali Alaaya MalHub Tunde Oyawoye Hassan Abdulazeez Elewu Sunset Workers

