Justice Chuka Obiozor has ordered that the Former Chairman of the Independent National Commission (INEC), Maurice Iwu be remanded in EFCC Detention over an alleged N1.23bn fraud.
The Former INEC Boss was arraigned by the anti-graft angency on four counts which he pleaded not guilty.
Justice Obiozor adjourned till Friday to hear Iwu’s bail application.
The former chairman was alleged to have between December 2014 and March 2015, aided the concealment of the sum of N1.2billion.
The said sum was in the bank account of Bioresources Institute of Nigeria Limited domiciled in the United Bank for Africa,(UBA) PLC.
Iwu is a Nigerian Professor of Pharmacognosy who was appointed Chairman of the INEC in June 2005, and was removed from office in April 2010.
