TransparencIT
TransparencIT
@TransparencITng

Money laundering

Aug 2, 2025

FRN vs Professor Maurice Mmaduakolam Iwu (Former Chairman of the Independent National Electoral Commission, INEC)

Humans

Professor Maurice Maduakolam Iwu

Money bag

N1,203,00,000.00
Amount allegedly laundered

Money bag

Case Summary
The Defendant allegedly aided the concealment of the said sum, which formed part of the proceeds of fraudulent act, in Bioresources Institute of Nigeria (BION) Limited’s bank account domiciled in United Bank for Africa (UBA) Plc.

Calendar

2,186
Day(s) since arraignment

Gavel

Case Update
The trial Judge dismissed an application filed by the defendant seeking the transfer of his case from Lagos to Abuja for lacking in merit.

Court house

Hon. Justice Iniekenimi Nicholas Oweibo
Federal High Court, Ikoyi, Lagos

Legislation

ACJA/ACJL Compliance - violated

Case Information
Professor Maurice Maduakolam Iwu
Presiding Judge & Designated Court
Hon. Justice Iniekenimi Nicholas Oweibo, Federal High Court, Ikoyi, Lagos
Nature and Number of Charges
4-count charge bordering on money laundering.
Date of 1st Arraignment
Aug 8, 2019
Summary of Case
The Defendant allegedly aided the concealment of the said sum, which formed part of the proceeds of fraudulent act, in Bioresources Institute of Nigeria (BION) Limited’s bank account domiciled in United Bank for Africa (UBA) Plc.
Defendant(s) and Plea entered on Arraignment
1. Professor Maurice Maduakolam Iwu (Former Chairman of the Independent National Electoral Commission, INEC) – Not Guilty
Defence Counsel(s)
1. Ahmed Raji (Senior Advocate of Nigeria)
Prosecuting Agency
Economic and Financial Crimes Commission
Prosecutor(s)
1. Rotimi Oyedepo (Senior Advocate of Nigeria)
Status of Case
On Trial
Stage of Trial
Prosecution Stage
Length of Trial
2,186 day(s)
Case Update
The trial Judge dismissed an application filed by the defendant seeking the transfer of his case from Lagos to Abuja for lacking in merit.
ACJA/ACJL Compliance
Violated