Maurice Iwu the ex-INEC Chairman will be detain till Friday August 9th for hearing of his bail application, according to an order by the Federal High Court in Lagos.
He was arraigned before the court this morning by the EFCC on a four-count charge of concealment, fraud and money laundering of N1.2billion.
Iwu pleaded not guilty, when the charges were read to him and the presiding Judge, Professor Chuka Obiozor adjourned the case till tomorrow for the hearing of his bail application and ordered his detention in EFCC’s custody.
In the charge sheet filed against Maurice Iwu, the EFCC alleged that Professor Iwu aided the concealment of the sum of N1, 203,000,000 between December 2014 and March 2015.
The said sum was in the bank account of Bio-resources Institute of Nigeria Limited domiciled in the United Bank for Africa, UBA Plc.
Disclaimer: Comments and opinions on any part of this website are the opinions of blog commenters or anonymous individuals, and do not reflect Strenuous Blog position.