EFCC Re-arraigns EX-INEC Chairman, Maurice Iwu For Alleged Fraud of N1.23BN

The Economic and Financial Crimes Commission has re-arraigned a Former Chairman of the Independent National Electoral Commission, Prof Maurice Iwu, for an alleged fraud of N1.23bn.

Iwu was re-arraigned on four counts before Justice Nicholas Oweibo of the Federal High Court sitting in Lagos.

The Former Chairman  had earlier been arraigned in August before Justice Chuka Obiozor of the same court. Meanwhile, his re-arraignment today followed the transfer of the case from Justice Obiozor to Justice Oweibo.

In the charges, EFCC alleged that Iwu committed the offence in the build-up to the 2015 general elections in which President Muhammadu Buhari defeated then-incumbent President Goodluck Jonathan.

According to the EFCC, Iwu, between December 2014 and March 27, 2015, aided the concealment of N1.23bn in the account of bioresources institute of Nigeria limited, domiciled in the United Bank for Africa.

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