The Economic and Financial Crimes Commission(EFCC) has remanded in its custody the former Chairman of Independent Electoral Commission, Professor Maurice Iwu, following a court order.
The order was given by Justice Chuka Austin Obiozor of a Federal High Court sitting in Lagos on Thursday, pending the hearing and determination of his bail application on Friday.
The court ordered the remand after Iwu’s counsel, Ahmed Raji (SAN) informed the court that he has filed an application for Iwu’s bail.
In his response, the EFCC counsel Rotimi Oyedepo said although he has seen the application, he needed time to respond to it.
The presiding judge, Justice Obiozor, subsequently adjourned the case till Friday, August 9, while he asked that Iwu be remanded in EFCC custody.
Prof Iwu was arraigned by the Economic and Financial Crimes Commission (EFCC) on Thursday on a four-count charge of money laundering to the tune of N1.2 billion.
He, however, pleaded not guilty to all the charges slammed against him.