Ahmed Raji, SAN, Counsel to Prof. Maurice Iwu, former INEC chairman who was granted N1 billion bail over alleged N1.2 billion money laundering charge, on Thursday said that Iwu would soon perfect his bail conditions.
Raji stated this in Lagos, that Iwu was still in custody.
He said though the bail conditions were stringent, it would be perfected.
Justice Chuka Obiozor of a Federal High Court sitting in Lagos, had on Friday Aug. 9, admitted Iwu to bail in the sum of One billion naira with two sureties in like sum.
The former INEC Chairman was granted bail after counsel to parties had argued on the bail application by the defendant/applicant and the counter affidavit by the prosecution.
In his submission, Iwu’s counsel, Raji prayed the court for an order admitting the defendant to bail on self recognisance pending the hearing and determination of charge filed against him or in the alternative, an order of the court admitting the defendant on liberal terms.
In that ruling, Justice Obiozor, admitted Iwu to bail N1billion.