Former INEC chair to be arraigned for allegedly laundering N1.2bn
The Economic and Financial Crimes Commission (EFCC) has announced its plan to arraign a former Chairman of the Independent National Electoral Commission (INEC) Prof. Maurice Iwu over allegations of money laundering.
EFCC’s acting spokesperson, Tony Orilade, confirmed the planned arraignment in a statement in Abuja on Thursday.
He, however, did not disclose when the former INEC chairman would appear in court.
Iwu would be arraigned at a Federal High Court sitting in Lagos on a four-count charge bordering on money laundering.
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.
Iwu is a Nigerian Professor of Pharmacognosy who was appointed Chairman of the INEC in June 2005, and was removed from office in April 2010.
NAN
-
News20 hours ago
FG revokes 924 dormant mining licences
-
News22 hours ago
FG suspends Dana Air operations
-
Sports22 hours ago
Why I didn’t apply for Super Eagles’ job – Vincent Enyeama
-
News18 hours ago
UK varsity offers £33,150 scholarships to Nigerian MSc applicants
-
News21 hours ago
DStv, GOtv subscriptions hiked five months after initial increase
-
News15 hours ago
EFCC withdraws appeal against order blocking Yahaya Bello’s arrest
-
Metro3 hours ago
Four-year-old boy dies while eating in Abuja school
-
News6 hours ago
Gombe residents lament 48 hours blackout