The Economic and Financial Crimes Commission, EFCC, Thursday re-charged a previous Chairman of the Independent National Electoral Commission, INEC, Professor Maurice Iwu, over asserted N1.2 billion illegal tax avoidance.
Iwu was made to return before Justice I. Nicholas Oweibo of the Federal High Court sitting in Ikoyi, Lagos.
It would be reviewed that Iwu was first charged on August 8, preceding Justice Chuka Obiozor, an excursion Judge, yet the issue was re-doled out to Justice Oweibo for preliminary.
The previous INEC supervisor was affirmed to have between December 2014 and March 2015, helped the disguise of the aggregate of N1, 203, 00,000.00 in the record of Bio-assets Institute of Nigeria (number 1018603119) domiciled in the United Bank for Africa( UBA) Plc.
This advancement was revealed through an announcement made by the counter unite representative, Wilson Uwujaren in Abuja.
Check 2 of the charge peruses: “That you, Professor Maurice Mmaduakolam Iwu, between December 2014 and March 27, 2015, in Nigeria, inside the locale of this good court, acquired Bio-assets Institute of Nigeria(BION) Limited to hold the total aggregate of N1, 203,00,000.00( One Billion, Two Hundred and Three Million Naira) in Bio-assets Institute of Nigeria, (BION) Limited’s Account No. 1018603119 domiciled in the United Bank for Africa Plc, which entirety you sensibly should have known structures some portion of continues of unlawful act, indeed: misrepresentation and you in this manner submitted an offense in opposition to Sections 18 (c), 15(2) (c) of the Money Laundering Prohibition Act , 2011, as altered, and culpable under Section (5) (3) of a similar Act.”
Be that as it may, Iwu supposedly argued not liable to the charge.
On this premise, the indicting counsel, Bilkisu Buhari approached the court for a preliminary date.
In any case, the barrier counsel, A.A Usman educated the court that the respondent has been getting a charge out of the bail conceded him by Justice Obiozor upon his first arraignment.
He, along these lines, asked the court to enable the litigant to proceed with the bail terms allowed by Justice Obiozor.
Usman likewise educated the court that he had documented a movement moving its purview to engage the case.
In his decision, Justice Oweibo dismissed the issue to November 25, for knowing about the movement.