EFCC’s acting spokesperson, Mr Tony Orilade, confirmed the planned arraignment in a statement in Abuja on Thursday.

He, however, did not disclose when the former INEC chairman would appear in court.

Iwu would be arraigned at a Federal High Court sitting in Lagos on a four-count charge bordering on money laundering.

The former chairman is alleged to have between December 2014 and March 2015, aided the concealment of the sum of N1.2 billion.

The said sum was in the bank account of Bioresources Institute of Nigeria Limited domiciled in the United Bank for Africa, (UBA) PLC.

Iwu is a Nigerian Professor of Pharmacognosy who was appointed Chairman of the INEC in June 2005, and was removed from office in April 2010.