Ex-INEC chairman, Iwu faces prosecution over N1.2bn fraud

Ex-INEC chairman, Iwu faces prosecution over N1.2bn fraud

A former Chairman of Independent National Electoral Commission, INEC, Prof. Maurice Iwu is facing prosecution over alleged N1.2bn fraud. Iwu would be arraigned at a Federal High Court sitting in Lagos State, according to the Punch Newspaper, on  four counts bordering on money laundering by EFCC. The EFCC acting spokesperson, Tony Orilade, confirmed the planned

A former Chairman of Independent National Electoral Commission, INEC, Prof. Maurice Iwu is facing prosecution over alleged N1.2bn fraud.

DEZIANI ALISON-MADUEKE, FORMER PETROLEUM MINISTER

Iwu would be arraigned at a Federal High Court sitting in Lagos State, according to the Punch Newspaper, on  four counts bordering on money laundering by EFCC.

The EFCC acting spokesperson, Tony Orilade, confirmed the planned arraignment on Wednesday, but he did not disclose when the former INEC chairman would appear in court.

PROF. MAURICE IWU, FORMER INEC CHAIRMAN

Iwu was alleged to have, between December 2014 and March 2015, concealed N1.2bn in the bank account of Bioresources Institute of Nigeria Ltd domiciled in the United Bank for Africa Plc.

The money was believed to be part of the N23.29b slush fund allegedly shared by former petroleum minister, Diezani Allison-Madueke for elections purposes in 2015.

The Civil Society Network Against Corruption, had earlier asked the EFCC to investigate and prosecute the ex-INEC boss, Resident Electoral Commissioners and Administrative Secretaries who took bribes during the 2015 general polls.

It was gathered that the former INEC Chairman was named as one of the beneficiaries of the fund, including some INEC officials who had been listed in the trial.

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