Entertainment

Just in: Alleged N2.5bn fraud: Court acquits ex-NBC boss, Modibbo

776

Justice Folashade Ogunbanjo-Giwa of the Federal High Court, Abuja, has discharged and acquitted Ishaq Kawu Modibbo, a former Director-General of the National Broadcasting Commission (NBC) over his alleged complicity in a N2.5 billion fraud.

The court held that the Independent Corrupt Practices and other related offences Commission(ICPC) failed to establish the allegation.

The court further ruled that the ICPC was unable to establish a connection between the defendant and the alleged offence, beyond the conflicting testimonies of the witnesses.

As a result, the court discharged him of the five-count amended charge brought against him, Dipo Onifade, and Pinnacle Communications Ltd by the anti-corruption agency.

Persecondnews recalls that one of the defendants, Sir Lucky Omoluwa, had passed away during the trial, prompting the ICPC to amend the initial 12-count charge to five counts.

The ICPC alleged that the defendants were involved in irregularities surrounding the award of a N2.5 billion Digital Switch Over (DSO) contract.

It further alleged that Modibbo deceived the Minister of Information and Culture into approving a N2.5 billion payment to Pinnacle Communications Limited, a private company owned by his friend, Omoluwa, who was also a defendant in the case.

The ICPC also alleged that Omoluwa, whose company was unqualified for the grant, illegally transferred N537.25 million of the N2.5 billion to a Bureau De Change operator, who then converted it into its dollar equivalent.

According to the ICPC, the Bureau De Change operator personally delivered the dollar equivalent in cash to Omoluwa’s residence in Kaduna.

The defendants allegedly violated Section 26(1)(c) of the Corrupt Practices and Other Related Offences Act, 2000, an offence punishable under Section 19 of the same Act.

The defendants, who were first arraigned in 2019, maintained their innocence by pleading not guilty to the charges, which were ultimately dismissed by the court on Thursday.

Persecondnews recalls that Modibbo was relieved of his duties by former President Muhammadu Buhari on Friday, February 14, 2020.

Leave a comment

Related Articles

I’ll Do More Tattoos and Dreads if It Hurts You – Pastor Kingsley Okonkwo

As controversy continues to trail his personal choices, Pastor Kingsley Okonkwo, founder...

No Grudges”: Kunle Afolayan Addresses Rumoured Rift with Funke Akindele

Filmmaker Kunle Afolayan has dismissed rumours of a feud with Funke Akindele,...

Dayo Amusa emerges AGN Southwest Vice President, pledges to empower actors

Nollywood actress, Dayo Amusa, has been officially elected as the Southwest Vice...

Hard times hit Halima Abubakar as actress cries out over eviction and health struggles

Nollywood actress Halima Abubakar has opened up about one of the most...

Custody battle: My focus is on my children’s well-being, Harrysong tells ex-wife

Nigerian singer, Harrysong, has finally responded to allegations made by his ex-wife,...

Itele blows hot, hails self as Koleoso hits 100 million views on YouTube

Nollywood actor and filmmaker Ibrahim Yekini, popularly known as Itele, has set...

I don’t Want 2 Billion Streams and ₦10 Million Returns — Kunle Afolayan

Filmmaker Kunle Afolayan has reignited an important conversation about value, transparency, and...

Two Days in Law School: Streamer Peller Drops Out, Vows Never to Return

Just two days after resuming university to study law, popular Nigerian streamer...

Royal Family Names Jide Kosoko Oloja of Lagos-Elect

Veteran Nollywood actor Prince Jide Kosoko has been declared Oloja of Lagos-elect,...

Why I Won’t Take Legal Action Against Pastor Ashimolowo for Derogatory Remarks—Shina Peters

Veteran Nigerian singer, Sir Shina Peters, has responded after a video of...

Ten years after bitter split, Tonto Dikeh, Churchill find peace

Nollywood actress, Tonto Dikeh, has announced a turning point in her long-running...

Bimbo Ademoye threatens lawsuit after copyright claim costs her 6-million views movie

Amid rising concerns over copyright abuse and digital piracy in Nollywood, popular...

“I Didn’t Give Up Music for Marriage” – Simi Addresses Fans Amid Hiatus Speculations

Award-winning singer Simi has shut down rumors that her music career took...

The Wizkid FC Phenomenon: How His Die-Hard Fans Are Fueling the Drama

The latest showdown between Wizkid and Seun Kuti, son of the legendary...

5,000 Suitors and Still Counting: Nkechi Blessing Speaks on Overwhelming Marriage Proposals

Nollywood actress Nkechi Blessing has raised alarm over what she described as...

Ayra Starr’s Kitchen Goals: Singer Eager to Learn How to Cook Nigerian Food

Ayra Starr has given fans a clearer picture of what lies ahead...

Fool at 40! ‘I’m bigger than Fela’ — Wizkid fires back at Seun Kuti

Wizkid has finally broken his silence on the escalating online feud involving...

Harrysong’s Latest Photo Sparks Outrage, Concern

Nigerian singer Harrysong has sparked fresh controversy online following the circulation of...

Time to Get Back to Work – Peju Ogunmola

When fans are expecting that she would withdraw from the public eye...

Why September 25, 2025 robbery still haunts Qdot, channels trauma into music

Five months after a terrifying armed robbery at his home, singer Qdot...