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Alleged N1.23bn fraud: EFCC re-arraigns Maurice Iwu

David Adenekan
David Adenekan
Maurice Iwu and EFCC officials

Former chairman of the Independent National Electoral Commission, INEC, Professor Maurice Iwu, has been re-arraigned by the Economic and Financial Crimes Commission, EFCC.

Recall that Iwu is facing a case of aiding the concealment of the sum of N1, 203,000,000 between December 2014 and March 2015.

He is also accused of fraud and money laundering.

According to the anti-graft body, Iwu, by his actions, violated sections 18(a) and 15 (2) (a) of the Money Laundering ((Prohibition) Act 2011 and was liable to be punished under Section 15(3) of the same Act.

The re-arraignment which came up on Thursday before Justice Nicholas of the Federal High Court, Lagos, followed the transfer of the case from Justice Chuka Obiozor of the same court.

The former INEC boss pleaded not guilty to the charges against him.

He was allowed by the court to continue on the N1 billion bail which had earlier been granted by Justice Obiozor.

The trial will commence on November 25, 2019.

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