Ex-INEC chief Iwu’s N1.23b fraud trial stalled - The Nation Newspaper

The scheduled N1.23 billion alleged fraud trial of a former Chairman of the Independent National Electoral Commission , Prof Maurice Iwu, did not hold yesterday at the Federal High Court in Lagos, due the judge’s absence.Iwu is facing three counts of alleged fraud and money laundering.

Following the transfer of the case to Justice Oweibo, the defendant was re-arraigned by the EFCC on October 24.Justice Oweibo adjourned till yesterday for a trial to commence. The EFCC alleged that between December 2014 and March 27, 2015, Iwu “aided the concealment of N1.23 billion in the account of Bioresources Institute of Nigeria Limited with number 1018603119, domiciled in the United Bank for Africa ”.

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