Welcome To Mc Ebisco

Federal high court grants former INEC chairman, Maurice Iwu N1 billion bail


Download Mc Ebisco News App.

Now Available On:

A Federal High Court in Lagos has granted former Chairman of the Independent National Electoral Commission, INEC, Prof. Maurice Iwu bail in the sum of N1 billion.

The Economic and Financial Crimes Commission, EFCC, had on Thursday arraigned Iwu before a Federal High Court in Ikoyi for allegedly laundering of N1.2 billion. Iwu, who has been interrogated by the EFCC, was alleged to have been involved in the N23.29 billion poll bribery scandal which characterized the 2015 poll.

ALSO READ:  Kogi Guber: How PDP reacted to Yahaya Bello’s emergence as APC flagbearer

The presiding Judge, Professor Chuka Obiozor had fixed Friday for hearing of his bail application. The judge granted Iwu bail in the sum of N1 billion with two sureties in like sum. One of the sureties must be a landed property owner in Lagos with evidence of tax clearance and must be a resident of Lagos, while he or she must attach his or statement of account.

ALSO READ:  Attacks on South African Police unacceptable – Nigeria Union
Loading...

The second surety must be a civil servant on grade level 16 or a professor and must attach his or her statement of account. 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.

ALSO READ:  UPDATED: Nigeria list conditions for Border reopening, bans repackaged imported goods

The cash in question was about the election bribery scandal during the 2015 general election. Iwu pleaded not guilty to the charges. Hamed Raji, SAN appeared for him, while EFCC counsel, Mr Rotimi oyedepo is prosecuting the case.

DOWNLOAD The Mc Ebisco News Mobile App Here

       
Loading...

Have any Question or Comment?

Leave a Reply

Loading...

Get Latest Mc Ebisco News Alert!

Enter your email address:

Delivered by FeedBurner

YOU MUST READ

Loading...

Contact Us Here

Watch Mc Ebisco Comedy

Translate »