Just In: Fayose granted N50m bail

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Ayodele Fayose, the former governor of Ekiti state, has been granted N50 million bail by the federal high court in Lagos.

The Economic and Financial Crimes Commission (EFCC) on Monday arraigned the ex-governor on an 11-count charge bordering on receiving illegal monies to fund his 2014 governorship campaign in Ekiti State, among other allegations of benefitting from proceeds of money laundering.

His second appearance before the Federal High Court sitting in Ikoyi, Lagos, lasted less than 30 minutes.

He arrived at the court premises on Wednesday around 9am, escorted by armed security operatives and officials of the EFCC.

Fayose was arraigned before Justice Mojisola Olatoregun.

He was 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.

Source: Sahara Reporters

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