The Justice Mojisola Olatoregun-led Federal High Court in Lagos has, Wednesday, granted the immediate past governor of Ekiti state, Ayodele Fayose N50 million bail.

Alleged N4.7bn fraud: Fayose arrives court for trial Fayose is standing trial over an 11-count charge bordering on money laundering, abuse of public office, criminal breach of trust and stealing, up to the tune of N6.9bn preferred against him by the Economic and Financial Crimes Commission, EFCC. Recall that Fayose was, Monday, denied bail by the court when he appeared for his trial.

The judge had ordered that he be remanded under the EFCC custody and the case adjourned till today.

Fayose had pleaded not guilty to the charges against him when they were read to him in court on Monday. However, at the resumed hearing today, the Judge granted the ex-governor a bail of N50 million with two sureties who must issue a N50 million bond in a reputable bank as well as possess three years tax clearance.

The judge also ruled that Fayose deposit his international passport with the court.

Read more at: https://www.vanguardngr.com/2018/10/breaking-fayose-granted-n50m-bail/