By Uzoma Akobundu
Former Chairman of Independent National Electoral Commission (INEC) Prof Maurice Iwu will Friday, August 9 know his fate in the N1.2 billion case of alleged money laundering brought against him by the Economic and Financial Crimes Commission (EFCC).
He was arraigned on Thursday, August 8 before Justice Prof. Chuka Austin Obiozor of a Federal High Court sitting in Lagos Nigeria who ordered that he be remanded in the EFCC custody until he is able tom perfect his bail which application had been made by his counsel.
The remand order to remand Iwu was made by the judge following the submission by his counsel to the court that he had filed an application for Iwu’s bail and the immediate response by EFCC prosecutor, Rotimi Oyedepo.
Oyedepo said he was yet to respond to the application, hence the judge gave him till Friday to do so.
The EFCC had arraigned Iwu on four-counts charge of money laundering to the tune of N1.2 billion.
He pleaded not guilty to all the counts.
Iwu’s counsel Ahmed Raji (SAN) had informed the court that he had filed bail application for his bail.
Oyedepo admitted receipt of the application but said that he needed time to respond to it. The request was granted.