According to a statement signed by the spokesperson for the Independent Corrupt Practices and other related offences Commission, Rasheedat Okoduwa, the ICPC had filed 12 counts before Justice Folashade Ogunbanjo-Giwa, against the Director General of NBC, Modibbo Kawu, the Chairman of Pinnacle Communications Limited, Lucky Omoluwa, and the Chief Operating Officer of the company, Dipo Onifade.
He added that the NBC DG misled the former minister into approving government funds to a private company.
The ICPC is also prosecuting Kawu over alleged abuse of office and money laundering.
The commission said, “The former minister’s involvement had come under questioning following discovery by the ICPC during investigations, that a government White Paper that governs the execution of the DSO programme was allegedly flouted by the head of the NBC.
“Mohammed had however admitted in a statement to the commission that he was misled by Kawu, as opined in court by a witness from the ICPC, Osanato Olugbemi. Olugbemi, led in evidence by counsel for the ICPC, Henry Emore, also told the court that the payment of N2.5bn from the NBC to Pinnacle Communications Limited as seed grant was suspicious because only government-owned company was approved to benefit from the grant according to the White Paper.
“The court also heard that the processes that led to the final payment of the fund to the private company were shrouded in secrecy as revealed by the minutes of an NBC emergency board management meeting where issues of carriage fees owed Pinnacle and not seed grant was discussed.”
The statement said 47 suspicious transactions were originated by the chairman of Pinnacle Communications, Omoluwa, immediately after the receipt of the funds on June 2, 2017.
“The transactions include payments of N363m to one Idowu Olatunde, N274.4m to one James Segun and N127 m to Onifade. Onifade explained that he received the money as legal fee he rendered to the company.
“A Bureau de change operator, Salisu Daura, who also testified in court, said he received N167m in two installments of N97m and N70m. Daura added that the sums were converted into $265,000 and $195,735 at the rate of N360 to US dollar, and handed the cash to one Alhaji Sabo, supposedly on behalf of Pinnacle Communications,” the commission noted.
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