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EFCC Re-Arraigns Ex-INEC Chair For Alleged N1.23bn Fraud
The Economic and Financial Crimes Commission (EFCC), yesterday, re-arraigned a former chairman of the Independent National Electoral Commission (INEC), Prof Maurice Iwu, for an alleged fraud of N1.23billion.
Iwu was re-arraigned on a four-count charge before Justice Nicholas Oweibo of the Federal High Court in Lagos.
He had earlier been arraigned in August before Justice Chuka Obiozor of the same court.
His re-arraignment, yesterday, followed the transfer of the case from Justice Obiozor to Justice Oweibo.
In the charges, the EFCC alleged that Iwu committed the offence in the build-up to the 2015 general election in which President Muhammadu Buhari defeated then-incumbent President Goodluck Jonathan.
According to the EFCC, Iwu, between December, 2014, and March 27, 2015, aided the concealment of N1.23billion in the account of Bioresources Institute of Nigeria Limited with number 1018603119 and domiciled in the United Bank for Africa (UBA).
The EFCC said Iwu ought to have reasonably known that the N1.23billion formed part of the proceeds of an unlawful act, to wit: fraud.
The prosecution for the EFCC, Mr 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.
But the defendant pleaded not guilty to the charges.
Justice Oweibo permitted him to continue on the N1billion bail earlier granted him by Justice Obiozor.
He adjourned till November 25, 2019, for the commencement of trial.
Similarly, the Economic and Financial Crimes Commission (EFCC), Ilorin Zonal Office, has arrested two brothers and eight others over their alleged involvement in internet fraud and other fraud-related crimes.
The EFCC’s Head of Media and Publicity, Wilson Uwujaren, disclosed this in a statement issued, yesterday, in Ilorin.
Uwujaren said the suspects were arrested on Monday at Basin Area of Ilorin, following intelligence reports over their involvement in internet fraud and other fraud-related crimes.
He said: “The suspects are – Paul Chibuzor, David Daniels, Tolu Ogundowole, Tosin Ogundowole, Agwu Goodness, Olayiwola Azeez, Olamide Ijisesan, Chilaka Dickson, Abdullahi Abubakar, and Temitope Bambo.
“Two of the suspects – Tolu and Tosin Ogundowole are brothers of the same parent.
“Items recovered from the suspects include charms, phones, laptops, fake currency, among others.
“The suspects will soon be charged to court”, Uwujaren added.
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