The Economic and Financial Crimes Commission, (EFCC) arraigned former Chairman of the Independent National Electoral Commission, (INEC), Prof. Maurice Iwu for alleged money laundering at a federal High Court, sitting in Lagos on a four-count charge
A top official in the commission who do not want his name on print disclosed that, Iwu is alleged to have between December 2014 and March 2015, aided the concealment of the sum of N1,203,000,000 (One Billion, Two Hundred and Three Million Naira).
According to the source, the said sum was in the bank account of Bioresources Institute of Nigeria Limited domiciled in the United Bank for Africa, (UBA) Plc.
In 2007, National Electoral Commission, INEC, under Prof. Maurice Iwu spent over N74.2 billion to conduct the general elections.
In 2019, Independent National Electoral Commission (INEC) headed by Mahmood Yakubu spent N234.5 billion on 2019 general election without servers.
The total amount approved for the electoral commission to N234,507,272,393 in 2019 general elections.
Mahmood Yakubu’s election seems to be the worst general election in the history of Nigeria.
However, he’s enjoying the immunity cover of APC government who specialises in victimisation of political opponents