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.
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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