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Pinnacle Boss, Omoluwa, Dies Amidst N2.5bn ICPC Probe

 

Chairman of Pinnacle Communications, Lucky Omoluwa, is dead.

Omoluwa, who is standing trial in a N2.5 billion alleged fraud case, involving the National Broadcasting Commission, NBC, was said to have died at the National Hospital, Abuja on Tuesday morning.

The Pinnacle Communication boss was said to have taken ill on Saturday and was admitted at the hospital, where he was discharged after showing some signs of improvement.

He reportedly resumed work on Monday, but suffered a relapse on Tuesday morning, and died while undergoing treatment.

Omoluwa is being prosecuted by the Independent Corrupt Practices and Other Related Offences Commission, ICPC, alongside Ishaq Kawu, the director-general of the NBC, and Dipo Onifade, chief operating officer, COO, of Pinnacle Communications.

The trio were accused and arraigned by the ICPC for alleged abuse of office, money laundering and misappropriation of N2.5 billion in the Digital Switch-Over, DSO, programme.

The ICPC had demanded Kawu’s suspension pending the outcome of the trial and he was subsequently suspended on Friday on the directive of President Muhammadu Buhari.

 

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