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.
Olabode George Towoju Oyin-Zubair Oyawoye Abraysports FC Idris Amosa Saidu Abdullahi Imam Abdullahi Henry Makinwa Oniyangi Adamu Ibrahim Sabi NULGE Bolaji Abdullahi Face Masks Wahab Egbewole Taofik Abdulkareem Muhammed Taofeeq Abdulrazaq Rueben Parejo Tsaragi-Share Senate President UNILORIN Alumni Kwara NIPR Emmanuel Olatunji Adesoye Dagbalodo SSA Youth Engagement Muslim Cementary Gbugbu International Market Dogara John Obuh Abdulrahman Abdulrasaq Kemi Adeosun Hamidat Sulyman-Yusuf Ishak Mohammed Sabi Ibrahim Orire Arinola Fatimoh Lawal Law School Scholarship Kwara South Nigeria Computer Society Lawal Jimoh Abdul-Rahoof Bello Manzuma Yakubu Danladi AbdulRasaq Abdulmajeed Alaro Rashidi Yekini Rafiu Olasile Kwara State Infrastructure Development Fund Afeyin-Olukuta Alabi Lawal Abdulquawiy Olododo Gobir Organization Foundation Moro National Union Of Road Transport Workers Ojo Fadumila Abdulrazaq Sanni Asa LGEA School Esinrogunjo Temi Kolawole Afonja Gbenga Olawepo Forgo Battery Company Limited Tosin Saraki Odogun Olushola Gabriel Oniye Sarah Jubril Abdulsalam A. Yusuf Afolabi-Oshatimehin Adenike Harriet Col. Adedipe Ibrahim Jawondo Malete Oniwa Farouk Salim Ijakadi Ahmed Bayero Abdulrazak Shehu Akorede Suleiman Ajadi Omotoso Musa Afonja Descendants Union Gbajabiamila Funmilayo Braithwaite

