N1bn Bail Slammed On Maurice Iwu By Cour - |Ads4naira Blog|

N1bn Bail Slammed On Maurice Iwu By Cour

The bail request by a former chairman of
the Independent National Electoral
Commission (INEC) Prof Maurice Iwu over
alleged fraud of N1.23bn has been set at
N1bn with two sureties in like sum.
One of the sureties, according to Justice
Chuka Obiozor, who ruled on the bail
application on Friday, said, must own a
landed property in Lagos while the other
must be a professor or a civil servant not
below Grade Level 16.
The judge said both sureties must furnish
the court with the statement of their bank
accounts, showing a minimum balance of
N1bn.
The sureties are also to submit their recent
passport photographs.
In addition, Iwu was ordered to deposit his
passport with the Deputy Chief Registrar of
the court.
The former INEC chairman will be remanded
until he meets the bail condition, the judge
ordered.
While moving Iwu’s bail application on
Friday, his lawyer, Mr Ahmed Raji (SAN),
urged the judge to admit his client to bail in
liberal terms but the EFCC vehemently
opposed the bail application.
The EFCC counsel, Oyedepo, told the judge
that Iwu might likely interfere with the
witnesses assembled to testify in the case
as they were INEC officials with whom he
had worked closely.

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