Alleged N700m Fraud: Ize-Iyamu Appears In Court Today

Pastor Osagie Ize-Iyamu, the candidate of the All Progressives Congress (APC) for the September 19 gubernatorial election in Edo State, will on Tuesday (today) appear in court, over corruption charges.

Ize-Iyamu is standing trial for eight counts of money laundering to the tune of N700m meant to prosecute the 2015 general election, in a case preferred against him by the Economic and Financial Crimes Commission (EFCC).

He is being tried along with four others before Justice J. M Umar at the Federal High Court in Benin–city.

Ize-Iyamu and four others allegedly received public funds illegally to the tune of N700m for the 2015 general election, contrary to the provisions of the EFCC Act and the Money Laundering (Prohibition) Act, the EFCC, in suit No. FHC/BE21C/ 2016, said.

It would be recall that the Court had on June 18, 2020, validated the corruption charges against the defendants and adjourned the case tilll Thursday, July 2, 2020, for further hearing, but the trial was stalled on Thursday due to the absence of the trial judge.