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.
Abdulrauf Aliyu Umar Bayo Abdulwahab Yomi Adeboye Lawal Arinola Kudirat Oyedepo Centre For Community Empowerment And Poverty Eradication Balogun Ajikobi Akorede Galland Marcias Amasa Road Transport Employers Association Of Nigeria Hydro-electric Power Producing Areas Development Commission Ajike People Support Centre Medview Airlines Olatunji Abdulmumeen Apata Ajele Secondary School Sadiq Umar Ilorin Likeminds Foundation NFAI Baba Idris Association Of Kwara State Online Media Practitioners Muhammad Mustapha Suleiman Smart School Saheed Popoola Suraj Tunji Oyewale Durbar Festival Imodoye Writer’s Enclave Elerinjare-Ibobo Sun Qing Rong Labour Party NIPOGA Binta Abubakar-Mora Yoonus Lawal First Lady Roseline Oni Aremu Babatunde Ishola Babaita Oloyede Kwara State Internal Revenue Service Ajia-Bako Pakata Development Association NSCIA Offa Peter Amogbonjaye Iyabo Dupe Adekeye Jimoh Lambe Abdulkareem Salmon Babatunde Salmon Alaiye Frootify Olaitan Adefila CKNG Ramadan Lawal Olohungbebe Bukola Saraki Shehu Salau Bibire Ajape Bolakale Kawu Agaka Saheed Akinwumi Village Alive Development Association Alore Adanla-Irese Ibrahim Issa Jetti Gamji Members Association Ahmed Dankaya Saliu Alamoyo Aliyu Muyideen A.G.F Abdulrasaq Ayo Opadokun Ibrahim Labaika Folaranmi Aro Mansurat Amuda-Kannike Abdulmutalib Shittu Razaq Ayobami Akanbi CUTI Monkey Pox Ghali Muhammed Popo-Igbonna Siraj Oyewale

