A federal High Court in Benin has adjourned a N700 million Fraud case against Edo APC Guber Candidate, Osagie Ize-Iyamu.
POLITICS NIGERIA learned that the trial could not hold as the court failed to sit for undisclosed reasons. The case was adjourned to July 7th for a hearing.
Ize-Iyamu alongside, PDP chieftain, Chief Dan Orbih, Edo PDP Chairman, Tony Aziegbemi; a former Deputy Governor of Edo State, Lucky Imasuen, and Efe Erimuoghae Anthony were dragged to court by the Economic and Financial Crimes Commission (EFCC), on an eight-count charge of money laundering to the tune of N700 million meant to prosecute the 2015 general election.
The EFCC, in Suit No. FHC/BE21C/2016 said Ize-Iyamu and four others allegedly received public funds illegally to the tune of N700 million for the purpose of the 2015 general election, contrary to the provisions of the EFCC Act and the Money Laundering (Prohibition) Act.
The anti-graft commission further alleged that the defendants conspired among themselves to commit the offence in March 2015, and took possession and control of the funds without any contract award.
