EFCC: School Proprietress Convicted For Diverting N5m WAEC Fee
EFCC Operatives/Twitter

The Economic and Financial Crimes Commission (EFCC) is set to arraign a former Chairman of the Independent National Electoral Commission (INEC) Maurice Iwu, Concise News has learned.

This news medium understands that the EFCC wants to arraign the former INEC boss over allegations of money laudering.

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Iwu will be arraigned at a federal High Court in Lagos on a four-count charge bordering on money laundering.

A source in INEC confided in the Guardian that the former INEC boss, between December 2014 and March 2015, allegedly helped in the concealment of N1,203,000,000 (One Billion, Two Hundred and Three Million Naira).

The money, the source added, was in the bank account of Bioresources Institute of Nigeria Limited domiciled in the United Bank for Africa, (UBA) Plc.

This revelation and the arraignment of the former INEC boss have also been confirmed by the EFCC.