Justice Chuka Obiozor of the Federal High court yesterday granted bail to ex-chairman of the Independent National Electoral Commission (INEC), Prof. Maurice Iwu to the tune of N1 billion with two sureties in like sum.
He also said that the defendant shall keep the original copy of his passport with this court and shall not travel outside the country without the approval of the court.
“The Deputy Registrar of the Lagos division shall verify all documents submitted by the defendant and sureties and pending the perfection of bail, the defendant shall be remanded in prison custody at Ikoyi prison”, he stated.
Prof. Iwu is facing a four-count charge bordering on aiding unlawful concealment of funds suspected to be proceeds of fraud. He is said to have committed the crime between December 27, 2014, and March 2015.
