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.
Abdulkadir Bolakale Sakariyah General Hospital, Offa Quran General Tunde Idiagbon International Airport Olokoba Abdullahi Ayinla Minimum Wage Femi Oladiji IsDB Katibi Ibraheem Adeola Kwara Consultative Forum John Olajide Adedipe Undergraduate Bursary Ilesha-Baruba Samuel Elizabeth Keatswa Alloy Chukwuemeka Afusat Nike Ibrahim Abubakar Abdullahi Bata Dar-Al-Handasah Consultants Ltd Orisun Igbomina Bola Sagaya Shuaibu Yaman Abdullahi Abubakar Ndakene Ella Supreme Tissue Paper Abdullahi Saadudeen Alikinla Owu Fall Ilorin East General Tunde Idiagbon International Airport Ilorin Mustapha Akanbi AbdulQowiy Olododo Yoonus Lawal Jebba Alfa Modibbo Belgore Borgu Centre For Community Empowerment And Poverty Eradication Erubu Oba Zubair Omu Aran Curfew Muhammad Akande Olarewaju Odunade Goodluck Jonathan Dar-Al-Handasah Consultants Samuel Olusegun Adedayo NIPOGA Suleiman Ajadi CUTI Olupako Of Share Chief Imam Of Omu-Aran Saadu Alanamu TESCOM Kola Shittu Aremu Bose Deborah Societe Generale Bank Of Nigeria Aisha Ahman-Pategi Muhammad Fawaz Abubakar Pakata Patriots Rueben Parejo Sobi Specialist Hospital Adekunle David Dunmade Aishat Sulu-Gambari Yusuf Amuda Gobir Hydro-electric Power Producing Areas Development Commission Aliyu Muhammad Saifudeen Bola Iyabo Ibiyeye Adisa Local Government Henry Olaosebikan Oloyede Kwara State Football Association Agbarigidoma Centre For Peace And Strategic Studies Okoolowo Kaosarah Adeyi Ilorin Innovation Hub NIPR Babaloja-General Taofik Abdulkareem UTME Abdulraufu Mustapha SAPZ Project

