Alleged N1.23bn Fraud: EFCC re-arraigns ex-INEC Chairman Maurice Iwu

of the court to entertain the matter. He said they would be requesting an adjournment to hear the motion.

Objecting, the prosecuting counsel, Bilikisu Buhari, said the prosecution had not been served with any motion.The matter was subsequently adjourned till November 25 for the hearing of the motion.The EFCC alleged that between December 2014 and March 2015, Mr Iwu aided the concealment of the sum of N1, 203, 000,000.00 in Bioresources Institute of Nigeria Limited’s account number 1018603119 domiciled in the United Bank for Africa Plc.

Count one of the charge reads: “ That you, Professor Maurice Maduakolam Iwu, between December 2014 and March 27, 2015, in Nigeria within the jurisdiction of this honourable court aided the concealment of the total sum of N1, 203,00,000.00 in Bioresources Institute of Nigeria, BION, Limited’s Account No.

Count two reads: “That you, Professor Maurice MMaduakolam Iwu, between December 2014 and March 27, 2015, in Nigeria, within the jurisdiction of this honourable court, procured Bioresources Institute of Nigeria Limited retain the aggregate sum of N1, 203,00,000.00 in Bioresources Institute of Nigeria, Limited’s Account No.

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