A Federal High Court in Lagos yesterday granted former Ekiti State Governor Ayodele Fayose N50 million bail and ordered him to deposit his passport with the court as part of his bail conditions.
He had been on Monday arraigned before Justice Mojisola Olatiregun for an 11-count charge bordering on abuse of office. The Economic and Financial Crimes Commission had alleged that Fayose received illegal funds to for his 2014 governorship campaign, among other allegations of benefitting from proceeds of money laundering.
The court’s ruling on Fayose’s bail application lasted less than 30 minutes.
The former governor was also asked to provide a surety who must have landed property in Lagos. The surety is also required to have three-year tax clearance in Lagos.
