Alleged Fraud: Court Imposes 1billion Naira Bail On Maurice Iwu - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 2
August 9, 2019
Aformer chairman of the Independent National Electoral Commission, Maurice Iwu,who was charged with an alleged fraud of N1.23 billion, has been admitted tobail in the sum of N1bn with two sureties in like sum.
JusticeChuka Obiozor said, in his ruling on Friday, that one the sureties must own alanded property in Lagos while the other must be a professor or a civil servantnot below Grade Level 16.
Thejudge said both sureties must furnish the court with the statement of theirbank accounts, showing a minimum balance of N1bn.
Thesureties are also to submit their recent passport photographs.
Inaddition, Iwu was ordered to deposit his passport with the Deputy ChiefRegistrar of the court.
Thejudge ordered that he should be remanded in the prison custody pending thefulfillment of the bail conditions.
TheEconomic and Financial Crimes Commission had on Thursday arraigned the ex-INECchairman on four counts bordering on fraud before the Federal High Court inLagos.