EFCC Re-arraigns Former INEC Chairman
Maurice Iwu (R) arriving the premises of the Federal High Court in Ikoyi, Lagos on Friday (image courtesy: Okoya olatunde/BJO/NAN/

Maurice Iwu, former chairman of Nigeria’s electoral body, Independent National Electoral Commission (INEC), on Thursday re-appeared before a Federal High Court in Lagos over the N1.2 billion fraud allegations against him.

Concise News understands that Iwu, who served as INEC boss from June 2005 to April 2010, is being prosecuted by the Economic and Financial Crimes Commission (EFCC) on four counts.

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Appearing before Justice Nicholas Oweibo on Thursday, Iwu pleaded not guilty to the charges.

In the charges, the EFCC alleged that Iwu committed the offence in the build-up to the 2015 general election.

It said the defendant aided the concealment of N1.2 billion in the account of one Bioresources Institute of Nigeria Ltd.

The EFCC said that Iwu ought to have reasonably known that the money formed part of the proceeds of an unlawful act of fraud.

According to the EFCC prosecutor, Rotimi Oyedepo, the offence contravened the provisions of sections 15 (2) (a) and 18 (a) of the Money Laundering ((Prohibition) Act 2011

The case was adjourned until November 25 for trial.