Absence Of Judge Stalls Iwu’s Trial

The trial of former Chairman of Independent National Electoral Commission, INEC, Maurice Iwu over alleged N1.23billion fraud could not go on as scheduled due to absence of the trial judge.

 Iwu is facing three counts charge of alleged fraud and money laundering.

The  former INEC boss was first arraigned by Economic Financial Crimes Commission, EFCC, last August and was later granted  bail in the sum of N1 billion

Following the transfer of the case to Justice Nicholas Oweibo,, Iwu was re-arraigned by the EFCC on October 24.

In the charges against him, the EFCC alleged that between December 2014 and March 27, 2015, Iwu “aided the concealment of N1.23bn in the account of Bioresources Institute of Nigeria Limited with number 1018603119, domiciled in the United Bank for Africa.”

The prosecuting counsel for the EFCC,  Rotimi Oyedepo, told the court that the ex-INEC chairman acted contrary to sections 18(a) and 15 (2) (a) of the Money Laundering ((Prohibition) Act 2011 and was liable to be punished under Section 15(3) of the same Act.

It said he “ought to have reasonably known that the N1.23bn formed part of proceeds of an unlawful act, to wit: fraud.”

Iwu pleaded not guilty.

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