Justice Chuka Obiozor of the Federal High court yesterday granted bail to ex-chairman of the Independent National Electoral Commission (INEC), Prof. Maurice Iwu to the tune of ₦1billion with two sureties in like sum.
While delivering his ruling on the bail application, Justice Obiozor said: “Bail is hereby granted to the defendant to the tune of N1billion with two sureties in like sum.
“The first surety shall be resident in Lagos State and shall transmit his land use as evidence of ownership of property in Lagos State and furnish the court with evidence of payment of tax from three years prior to today. As proof of address, the defendant shall furnish the court with his statement of account with any bank in Nigeria with passport photograph. The bank shall depose to the photograph as true identity of the account holder.
“The defendant and sureties shall provide two of their recent passport for court record. The defendant shall cease all manner of communication either directly or by proxy with any of the witness the prosecution might call in this matter.
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“The second surety must be a civil servant in the state within the grade of level 16 or a professor in any of the universities in Nigeria. The second surety shall provide proof of tax for three years prior to today. Must be resident in Lagos and as proof of address, he shall provide statement of account to which a passport photograph will be attached which the bank shall depose as the true identity of the account holder.”
He also said that the defendant shall keep the original copy of his international passport with this court and shall not travel outside the country without the approval of the court.
According to him, the Deputy Registrar of the Lagos division shall verify all documents submitted by the defendant and sureties and pending the perfection of bail, the defendant shall be remanded in prison custody at Ikoyi prison.