A federal high court in Ikoyi, Lagos, has granted a N1 billion bail to Maurice Iwu, former chairman of the Independent National Electoral Commission (INEC).
The Economic and Financial Crimes Commission (EFCC) had arraigned Iwu before the court on four count charges of “N1.23 billion fraud” but the ex-INEC chairman pleaded not guilty to the charges.
On Friday, Chuka Obiozor, presiding judge, granted him bail with two sureties in like sum.
Obiozor ruled that the former INEC chairman must not communicate with any of the witnesses in the case.
The anti-graft agency accused the former INEC chairman of playing a part in concealing N1.23 billion public funds between