Iwu is confronting three checks verging on extortion and illegal tax avoidance under the watchful eye of the Federal High Court in Lagos State.
He was first charged on August 8 preceding Justice Chuka Obiozor, who conceded bail in the aggregate of N1bn.
Following the exchange of the case to Justice Oweibo, Iwu was re-summoned by the Economic and Financial Crimes Commission on October 24.
The ex-INEC helmsman had argued not blameworthy and Justice Oweibo dismissed till Monday for a preliminary to begin.
Without the judge on Monday, the case was additionally suspended till February 27, 2020.
In the charges against him, the EFCC affirmed that between December 2014 and March 27, 2015, Iwu "helped the disguise of N1.23bn in the record of Bioresources Institute of Nigeria Limited with number 1018603119, domiciled in the United Bank for Africa."
It said he "should have sensibly realized that the N1.23bn framed piece of continues of an unlawful demonstration, indeed: misrepresentation."
The arraigning counsel for the EFCC, Mr. Rotimi Oyedepo, told the court that the ex-INEC director acted in opposition to areas 18(a) and 15 (2) (an) of the Money Laundering ((Prohibition) Act 2011 and was at risk to be rebuffed under Section 15(3) of a similar Act.
Be that as it may, Iwu argued not blameworthy.
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