A withdrawal of N2.8bn from the accounts of the Independent National Electoral Commission took place between Thursday and Friday, sources in INEC have claimed.

The sources, who are privy to happenings in the accounts department of the commission, told our correspondent in Abuja on Sunday that the withdrawal made the electoral body’s most senior officer, Mr. Philip Umeadi, to freeze the accounts on Friday.

It was learnt that cheques for the sum were backdated to cover payments for contracts and other projects by the commission.

Our sources, however, did not say who gave the directive for the issuance of the cheques and who signed them.

The former Chairman, Prof. Maurice Iwu, who was directed to proceed on pre-disengagement leave by Acting President Goodluck Jonathan, is yet to hand over to Umeadi.

One of the sources said, “The amount of money withdrawn from the commission’s account in the last few days is unprecedented in the history of the commission.

“This is so because this is not an election year and we are not involved in any major contract. But now, we are almost broke due to the massive withdrawal of money.”

THE PUNCH gathered that Iwu, due to complete his tenure in June, lobbied to be retained for a second tenure of five years.

The professor of Pharmacology was said to have told his close friends in the commission that since he was just going on terminal leave, he would still be accessible till June 13.

However, our correspondent gathered that there were moves by Iwu to lobby some Peoples Democratic Party governors to convince Jonathan to allow him hand over to Prince Adedeji Soyebi, a national commissioner in charge of Logistics.

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Now that incompetent worman at EFCC will not act now until its too late maybe she has her share in that money nonsense wife and girl friend of all nija criminals.

Arrest Iwu and cut off one of his balls;he'll say where he stashed the money,this man's brazen criminal acts amaze and annoy me to no end

only in Nigeria