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.
Abdulrazaq Magaji KFA Share-Tsaragi Vasolar Abdulrauf Aliyu Ibrahim Oniye Kayode Issa Ajeigbe Saka Asiat Ayinke Esinrogunjo Col. Adedipe Federal Polytechnic Offa Ahmed Bayero Olajumoke Monsura Gafar Ronke Adeyemi Abdulquawiy Olododo Kassim Babamale Jaigbade Alao Amusa Bello Sola Saraki University Hakeem Lawal Issa Manzuma Omoniyi Muhammad Fawaz Abubakar Lukman Oyebanji Fagbemi Iyabo Adisa Ibiyeye Ridwan Agboola Idris Garba Quareeb Amuda Bembe Doyin Group Agboola Babatunde Salihu Ajibola Ajia Lanre Badmus Binta Sulyman Ekweremadu Yomi Adeboye Kwara Pdp Wahab Issa Victor Gbenga Yusuf Jare Olatundun Olabode Towoju AGM Professional Services Unilorin Kwara State Polytechnic Adamu Attah Isiaka Saka Opobiyi Tricycle Owners Association Of Nigeria RTEAN NITDA Odo-Owa Ganiyu Taofiq Tayo Awodiji Suleiman Yahya Alapansapa Niyi Osundare GRA Muhammad-Mustapha Suleiman Government High School (GHS), Adeta International Aviation College Samuel Olusegun Adedayo Wahab Isa Agbarere Jamiu Oyawoye Adebayo Salami Patigi Regatta Durbar Tunde Kazeem Kola Ologbondiyan AbdulRasaq Abdulmajeed Alaro Ajibike Katibi Yusuf Abdulraheem Abdulmajeed Abdullahi Bamidele Adegoke Musa Alhassan Buge Hausa Magaji Erubu Ola Falade

