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N1.2bn Fraud: Court Orders EFCC To Detain ex-INEC Chairman, Iwu

Next Edition by Next Edition
August 8, 2019
in Headline News
Former INEC Chairman, Maurice Iwu arrested

Chairman of Independent Electoral Commission Professor Maurice Iwu annouces the results of the presidential election in Abuja 23 April 2007. Ruling party candidate Umaru Yar'Adua won Nigeria's presidential election Monday, even as foreign observers slammed the credibility of the disputed poll that claimed at least 200 lives. AFP PHOTO PIUS UTOMI EKPEI (Photo credit should read PIUS UTOMI EKPEI/AFP/Getty Images)

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A Federal High Court sitting in Ikoyi, Lagos, has ordered the Economic and Financial Crimes Commission, EFCC, to detain former chairman of the Independent National Electoral Commission, INEC, Prof. Maurice Iwu till Friday for hearing of his bail application.

The Court gave the order on Thursday following Iwu’s arraignment for alleged laundering of N1.2 billion.

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The anti graft body said the former INEC boss was involved in the N23.29 billion bribery scandal which characterized the 2015 poll.

Iwu was alleged to have between December 2014 and March 2015, aided the concealment of the sum of N1, 203,000,000 (One Billion, Two Hundred and Three Million Naira) .

The said sum was in the bank account of Bio-resources Institute of Nigeria Limited domiciled in the United Bank for Africa, UBA Plc.

Iwu pleaded not guilty to the charges.

He was represented in court by Hamed Raji, SAN, while EFCC counsel Mr. Rotimi oyedepo is prosecuting the case.

The presiding Judge, Chuka Obiozor adjourned till Friday for the hearing of his bail application.

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