Court Remands Maurice Iwu In EFCC Custody In Money Laundering Case

The Economic and Financial Crimes Commission (EFCC) Thursday arraigned a former Independent National Electoral Commission (INEC) Chairman, Prof. Maurice Iwu before the Federal High Court in Ikoyi, Lagos.
Iwu, who served as INEC chairman between 2005 and 2010, allegedly aided the concealment of the sum of N1.2billion, which the EFCC is claiming was used to bribe INEC officials during the 2015 general elections. The cash was in the bank account of Bioresources Institute of Nigeria Limited domiciled in the United Bank for Africa, (UBA) Plc, the agency said.
Justice Chuka Obiozor ordered his remand in EFCC custody until this Friday when his bail application will be heard after he entered a “Not guilty” plea.

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