A former Chairman of the Independent National Electoral Commission (INEC) Prof. Maurice Iwu is to face trial for alleged laundering of N1.2billion.
Iwu, who has been interrogated by the EFCC, was said to have been involved in the N23.29billion poll bribery scandal which characterized the 2015 poll.
In a chat with TheNation, a source close to the case, said: “The Economic and Financial Crimes Commission (EFCC) is set to arraign a former Chairman of the Independent National Electoral Commission, INEC, Prof. Maurice Iwu.
“Iwu will be arraigned at a Federal High Court, sitting in Lagos on a four-count charge bordering on money laundering.
“Iwu is alleged to have between December 2014 and March 2015, aided the concealment of the sum of N1, 203,000,000 (One Billion, Two Hundred and Three Million Naira)
“The said sum was in the bank account of Bioresources Institute of Nigeria Limited domiciled in the United Bank for Africa, UBA Plc.
A reliable source, who gave insights into the investigation of Iwu, said: “The cash in question was about the poll bribery scandal in 2015.
“Iwu has been implicated in the N23.29billion poll bribery scam perpetrated by a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke.
“He was accused of allegedly using an NGO, West African Network of Electoral Observers, in the facilitation of bribery to top officials of the electoral commission. We have been on this case since 2016.
“We gave Iwu enough time to appear before us for interrogation. After series of quizzing and thorough perusal of relevant documents, we are set for his trial.”
The Acting Head of Media and Publicity of EFCC, Mr. Tony Orilade, said: “We will soon arraign the ex-INEC chairman.”