Acting spokesperson, EFCC,
Tony Orilade, confirmed the planned arraignment on Wednesday.
The Economic and Financial
Crimes Commission says it is set to arraign former Chairman of the Independent
National Electoral Commission, INEC, Prof. Maurice Iwu, over alleged N1.2bn
fraud and money laundering.
The commission said Iwu
would be arraigned at the Federal High Court in Lagos on four counts bordering
on money laundering.
Tony Orilade did not,
however, disclose when the former INEC chairman would appear in court, PUNCH
reports.
The commission alleged that
between December 2014 and March 2015, Iwu hid N1.2b in the bank account of
Bioresources Institute of Nigeria Ltd. domiciled in the United Bank for Africa
Plc.
The money was believed to
be part of the N23.29b slush fund allegedly shared by former petroleum
minister, Diezani Allison-Madueke, to influence the outcome of the 2015
presidential elections.
Iwu was
fingered as one of the beneficiaries of the fund, including some INEC officials
who are facing trial.Iwu was fingered as one of the beneficiaries of the fund,
including some INEC officials who are facing trial.
No comments:
Post a Comment