N1.2 Million Fraud: After 7 Days In Prison, Ex-INEC Chair, Maurice Iwu, Meets Bail Conditions | Sahara Reporters

Maurice Iwu, former chairman of the Independent National Electoral commission has been released from Ikoyi Prison, where he was remanded pending the fulfilment of N1 billion bail condition. The judge said the first surety should be resident in Lagos and provide evidence of ownership of property in the state.

The judge also held that the surety would furnish the court with his statement of account with any bank in Nigeria with a passport photograph. “The second surety must be a civil servant in the state within the grade of level 16 or a professor in any of the universities in Nigeria. The second surety shall provide proof of tax for three years prior to today. Must be resident in Lagos and as proof of address, he shall provide statement of account to which a passport photograph will be attached which the bank shall depose as the true identity of the account holder.

EFCC alleged Iwu aide the concealment of the sum of N1, 203,000,000 between December 2014 and March 2015.

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