EFCC to prosecute ex-INEC chair, Maurice Iwu, over N1.2bn fraud

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The Economic and Financial Crimes Commission (EFCC) will soon arraign a former Chairman of the Independent National Electoral Commission (INEC), Prof. Maurice Iwu, over alleged N1.2bn fraud.

Herald Nigeria learnt that Iwu will be arraigned at a Federal High Court, sitting in Lagos, on  four counts bordering on money laundering.

The EFCC acting spokesperson, Tony Orilade, confirmed the planned arraignment on Wednesday.

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The former INEC chair was alleged to have between December 2014 and March 2015, concealed N1.2bn in the bank account of Bioresources Institute of Nigeria Limited domiciled in the United Bank for Africa Plc.

The money was believed to be part of the N23.29bn slush fund allegedly shared by former petroleum minister, Diezani Allison-Madueke, to influence the outcome of the 2015 presidential election, which also indicted Iwu.

An umbrella organisation for over 150 anti-graft groups, the Civil Society Network Against Corruption, had earlier asked the EFCC to investigate and prosecute the ex-INEC boss, resident electoral commissioners and administrative secretaries who took bribes during the 2015 general polls.

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