Lucky Omoluwa, chairman of Pinnacle Communications, is dead.
Omoluwa, who was standing trail over a N2.5 billion alleged
fraud case involving the National Broadcasting Commission (NBC), died at the
National Hospital in Abuja on Tuesday.
Omoluwa first fell ill on Saturday and was admitted at a
hospital. He was said to have been discharged after showing signs of
improvement.
The deceased reportedly resumed work on Monday but suffered
a relapse on Tuesday morning. Omoluwa reportedly died while undergoing
treatment.
The Independent Corrupt Practices and Other Related Offences
Commission (ICPC) is prosecuting Omoluwa alongside Ishaq Kawu, director-general
of the NBC, and Dipo Onifade, chief operating officer of Pinnacle
Communications.
The anti-graft agency accused Kawu of illegal paying N2.5
billion of the digital switch-over (DSO) funds to the private firm owned by
Omoluwa.
The anti-graft agency had demanded Kawu’s suspension pending
the outcome of the trial. Kawu was suspended last week on the directive of
President Muhammadu Buhari.
The federal government, had in 2016, released N10 billion to
the ministry of information for the digital switchover programme.
A white paper was issued directing that the process should
be explicitly handled by government-affiliated companies.
A total of N1.7 billion was subsequently approved as seed
grant for the commencement of the switchover.
But the ICPC said during its investigations, it discovered
that the process was fraught with corrupt practices.
It alleged that Kawu fraudulently recommended Pinnacle
Communications Limited to the ministry for the release of N2.5 billion against
the guidelines contained in the white paper
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