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The Economic and Financial Crimes Commission (EFCC) is to arraign a former Chairman of the Independent National Electoral Commission (INEC), Professor Maurice Iwu, for alleged laundering of N1.2 billion.
It was learnt that Iwu would be arraigned at a federal High Court in Lagos on a four-count charge bordering on money laundering.
A top official of the commission disclosed that Iwu allegedly aided the concealment of N1.203 billion between December 2014 and March 2015, adding that the money was in the bank account of Bio-resources Institute of Nigeria Limited domiciled in a first generation bank.
When contacted, EFCC acting spokesperson, Tony Orilade, confirmed the planned arraignment.
Besides, a former cashier in the office of Secretary to the Plateau State Government, Yusuf Pam, has said he never hid any money for former Governor Jonah Jang throughout his eight-year tenure.
Jang and Pam are standing trial in a 12-count charge brought against them by the EFCC bordering on alleged corruption and misappropriation of funds.
EFCC had alleged that Jang, who served as Plateau governor between 2007 and 2015, used Pam to misappropriate over N6 billion two months to the end of his tenure.
But testifying under cross-examination to the commission’s allegation that he admitted in his written statements to paying monies into Jang’s account and thereafter gave the deposit slips to the former governor, Pam told the court in Jos that the information was false.