Published On: Thu, Aug 8th, 2019

Alleged N1.2Billion Scam: EFCC To Arraign Former INEC Chairman

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Former INEC Chairman

By Sadiq Umar – The Economic and Financial Crimes Commission (EFCC) has concluded plan to drag to court a former a former Chairman of the Independent National Electoral Commission (INEC), Maurice Iwu over an alleged N1.2billion scam.

Mr. Iwu, a Professor of Pharmacognosy, was the Chairman of the INEC between June 2005 and April 2010.

The anti-graft agency said Mr. Iwu would be arraigned at a Federal High Court sitting in Lagos on a four-count charge bordering on money laundering.

In a statement by its acting spokesperson, Tony Orilade, Thursday in Abuja, EFCC confirmed the planned to arraign the former INEC Chairman.

It is however not clear when Mr. Iwu would appear in court.

The former chairman is alleged to have between December 2014 and March 2015, aided the concealment of the sum of N1.2billion.

The said sum was in the bank account of Bioresources Institute of Nigeria Limited domiciled in the United Bank for Africa, (UBA) PLC.

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