A former chairman of the Independent National Electoral Commission,
Professor Maurice Iwu, who was charged with an alleged fraud of one-point-two-three billion naira, has been admitted to bail in the sum of one billion naira with two sureties in like sum.
Justice Chuka Obiozor said in his ruling yesterday, that one of the sureties must own a landed property in Lagos while the other must be a professor or a civil servant not below Grade Level sixteen.
The Judge said both sureties must furnish the court with the statement of their bank accounts, showing a minimum balance of one billion naira.
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 Economic and Financial Crimes Commission had on Thursday arraigned
the ex-INEC chairman on four counts bordering on fraud before the Federal High Court in Lagos.
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