The Federal High Court Ikoyi has granted bail to Professor Maurice Iwu to the tune of N1 billion. Details shortly

The Economic and Financial Crimes Commission (EFCC), will on Thursday arraign a former Chairman of the Independent National Electoral Commission, (INEC) Professor Maurice Iwu. He will be arraigned before Justice Chuka Obiozor of the Federal High Court Sitting in Lagos over allegations of money laundering to the tune of N1.2 billion. In the charge filed against the former INEC Chairman, the EFCC alleged that Professor Iwu aided the concealment of the sum of N1, 203,000,000 between December 2014 and March 2015. The sum was said to be in the bank account of Bioresources Institute of Nigeria Limited and domiciled in