A former Chairman of the Independent National Electoral Commission, Prof. Maurice Iwu, has regained his freedom after spending a week at Ikoyi Prison in Lagos.
Iwu, who is facing N1.23bn fraud charges, left the prison on Friday after meeting the N1bn bail with two sureties which the court imposed on him.
The ex-INEC chairman was on August 8 arraigned on four counts before Justice Chuka Obiozor at the Federal High Court in Lagos.
Justice Obiozor admitted him to bail in the sum of N1bn with two sureties in like sum.
The judge said one of the sureties must be a landed property owner in Lagos, while the other must be a civil servant not below Grade Level 16 or a professor in any Nigerian university.
He said both sureties must show evidence of three years’ tax clearance and were also required to furnish the court with their statements of accounts.
Iwu was ordered to submit his passport into the court’s custody, with an order that he could not travel except with the permission of the court.