EFCC set to arraign ex-INEC chairman, Maurice Iwu for N1.2bn fraud

The Economic and Financial Crimes Commission says it is set to arraign former Chairman of the Independent National Electoral Commission, INEC, Prof. Maurice Iwu, over alleged N1.2bn fraud and money laundering.

The commission said Iwu would be arraigned at the Federal High Court in Lagos on four counts bordering on money laundering. Acting spokesperson, EFCC, Tony Orilade, confirmed the planned arraignment on Wednesday.

The commission alleged that between December 2014 and March 2015, Iwu hid N1.2b in the bank account of Bioresources Institute of Nigeria Ltd. domiciled in the United Bank for Africa Plc. The money was believed to be part of the N23.29b slush fund allegedly shared by former petroleum minister, Diezani Allison-Madueke, to influence the outcome of the 2015 presidential elections.

Iwu was fingered as one of the beneficiaries of the fund, including some INEC officials who are facing trial.

by Linda Ikeji at 08/08/2019 1:05 AM

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Anonymous about 4 years ago

Buhari will send you to jail ,,he is a wicked man..you are going in..all the people that made him lose ,the first time he will send them to jail..he don’t forgive or forget

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Adefemi Adebowale about 4 years ago

He deserves all what is coming to him, INEC was a total failure under his chairmanship there was high level of rigging and corruption.

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Vivian Reginalds about 4 years ago

When will they go for jega, amechi, rochas, oshiomhole, ?

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Anonymous about 4 years ago

Onye 😄 Riri Kwua Ugwo. Chop and Pay.

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Oloye1 about 4 years ago

Good, vomit what you stole, u guys are part of our problem.

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Proudly Nig about 4 years ago

Hmmmm. .iwu was a big disgrace and failure as inec chairman so I don't even pity him.

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Ajewole about 4 years ago

Our Economy ought to be better after series of prosecution and seizures...one will imagine the slush funds will have been put to good use....there is no space for Nigerians outside the country anymore...we are getting dehumanized in countries where we seek asylum...offered ridiculous jobs and forced to settle for minimum wage because of exchange rates....real change is what we want...a change for the better is what we desire

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Akuoma Akuego about 4 years ago

Maurice Iwu;Obj's errand boy.

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Sun about 4 years ago

Maurice is always a disgrace

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Harry about 4 years ago

Hmmm

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Anonymous about 4 years ago

Let him just join apc nothing more or speak well of buhari ...

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Bree about 4 years ago

When will Efcc go for Jega and Incompetent Professor??? Witch Hunting other Tribes... WICKED GOVERNMENT

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Anonymous about 4 years ago

Lol

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Juliet Iwuno about 4 years ago

All of them must loot! Mum Jay take note!

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Anonymous about 4 years ago

What about jega the main chairman.lol.EFCC better not be selective.

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Ndu Whyte about 4 years ago

The chickens are coming home to roost.

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Richard Kalu about 4 years ago

What happens to Jega? Is he a saint?

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Mr E Mr about 4 years ago

Interesting.

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Oskirin about 4 years ago

go n prove ur innocence.

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Anonymous about 4 years ago

Maurice iwu one of the worst ines chair we have ever had

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Neeyo about 4 years ago

One day Jega n Mamud too will b arraigned

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Roselyne about 4 years ago

Let's keep to our integrity

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Anonymous about 4 years ago

Why is the stupid man in tears? How many poor people struggle and sent their kids to school, and they came back with no job for them.But those Stupid people can afford to sent their kids to go and study overseas and leave higher expensive life styles with nigerian money .God will surely punished them.

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