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.

AbdulRaheem Ahmad Shayi     Jaigbade Alao     Rex Olawoye     State Bureau Of Internal Revenue     Kawu Baraje     Raliat AbdulRazaq     Abdulrauf Yusuf     Lawan     Ahmed Mohammed Rifun     Zara Umar     Kwara North     Moses Adekanye     Royal FM     MalHub     Olatunde Oyeyiola     Aishat Mohammed Lawal     Baba-Isale     Mahfouz Adedimeji     AbdulKareem Yusuf Danhawa     Prince Bola Ajibola     Inside Kwara     Jumoke Monsura Gafar     Yahaya Muhammad     Muhammed Aliyu     Jimoh Lambe Abdulkareem     Ariyo     Adaramaja     Donatus Ejidike     Kupchi Hosea Maxwell     Igbaja     Bello Oyebanji     Michael Nzekwe     C2c@kwarastate.gov.ng     Tsaragi-Share     Old Oyo     Bolakale Kawu     Forgo Battery     Amule     Ayekale     Buari Edun     Amos Bajeh     Dar-Al-Handasah Consultants     Air Peace     Suleiman Rotimi Iliasu     Laduba     Abraysports FC     Sadiq Buhari     Yusuf Abdulwahab     COVID-19 Palliatives     Oniyangi     CBT     Ethical College     Council Of The Wise     Principal Private Secretary     Musa Alhassan Buge     March 28     Okiki     KWSUED     Oniwasi Agbaye     Waheed Ibrahim     Okala Baba     Bolaji Gambari     Maryam Ado Bayero     Kamaldeen Ajibade     Yomi Ogunsola     Lai Mohammed     Alaro     Post Utme     Association Of Kwara State Online Media Practitioners     Emir Of Shonga     Dele Belgore     Gbenga Olawepo     Yoruba     Musbau A. Akanji     Yahaya Oloriegbe     Sardauna Of Ilorin     Abdulhakeem Adelaja Amao    

Cloud Tag: What's trending

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

Abdulmumini AbdulRazaq     Afin Descendants Union Of Odo-Owa     Cornelius Adebayo     Labaeka     Kwara State Printing And Publishing Corporation     Tayo Awodiji     Mike Omotosho     Oluwarotimi Boluwatife Adenike     Oye Tinuoye     Sarah Jubril     Mohammed Khadijat Kubura     Azeez Bello     Saka Abimbola Isau     Saliu Mustapha     Turaki     Jawondo     Oluwatoyin Lukman     Tunde Saad     Muhammad-Mustapha Suleiman     Village Alive Development Association     Federal Road Maintenance Agency     Lawal Olohungbebe     Bareke     Jare Olatundun     Atiku Abubakar     Baruten     Binta Sulyman     Offa Poly     AbdulKareem Yusuf Danhawa     Riskat Opakunle     Raheem Adaramaja     Hussein Olokooba     Bayo Mohammed Onimode     Ilorin Curfew     Doyin Agbamu     Jimoh Olusola Imam     Aisha Ahman Pategi     Gbemisola Oguntimehin     Abdulrahman Abdulrasak     Yusuf A. Usman     Opolo Global Innovation Limited     Alabere     Turaki Of Ilorin     Mohammed Katsina Ahmed     Geri-Alimi Split Diamond Interchange     Samuel Elizabeth Keatswa     Olumide Daniel Ibitoye     Apado     Alapansapa     Imodoye Writer’s Enclave     Shuaibu Yaman     Bolakale Kawu     HYPPADEC     Odolaye Aremu     Abdulganiyu AbdulAzeez     Dogara     Nagode     John Kehinde Salako     IsDB     Neo Mundo Ltd     Ayobola Ipinlaiye     Bisi Oyeleke     UITH     Yusuf Abdulkadir     Medview Airlines     Kwara United     Bamidele Aluko     Mahee Abdulkadir     Baba-Isale     Tafida     Sulaiman Gado     Maimunat Oniyangi     Amosa     Afolayan     Afonja Descendants Union     Kudirat Arinola Lawal     Prince Sunday Fagbemi