Fayose Granted N50m Bail

His bail was granted on Wednesday, following his appearance at the Federal High Court sitting in Ikoyi, Lagos, on Wednesday.

Ayodele Fayose, the immediate past Governor of Ekiti State, has been granted bail in the sum of N50 million.

His bail was granted on Wednesday, following his appearance at the Federal High Court sitting in Ikoyi, Lagos, on Wednesday.

He was also asked to provide a surety who must have landed property in Lagos. The guarantor is also required to have three-year tax clearance in Lagos.

Fayose who was arraigned before Justice Mojisola Olatoregun by the Economic and Financial Crimes Commission (EFCC) ,is facing an 11-count charge bothering on receiving illegal monies to fund his 2014 governorship campaign in Ekiti State, among other allegations of benefiting from proceeds of money laundering.

Written by Jacob Akpene

Jacob Akpene is the Editor-in-chief of the Lasgidi Online Brand. He handles the administrative, content creation and the smooth running of the blog.

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