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NEWSCourt grants Fayose N50m bail

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


His bail application was granted during his second appearance before the Federal High Court sitting in Ikoyi, Lagos, on Wednesday.

Fayose was arraigned before Justice Mojisola Olatoregun by the Economic and Financial Crimes Commission (EFCC) on charges of corruption.


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

She added that the surety must present a bond of N50 million from a reputable insurance company or a first line bank, acceptable to the court.

The judge held that there must also be the production of three years tax clearance, while the accused must ensure he attends court for trial unfailingly, otherwise, the bond would be forfeited.


The court also ordered that the international passport of the accused should be deposited in the court’s registry.

She then adjourned the case until Nov. 19 for trial.

Fayose is facing an 11-count charge bothering on receiving illegal monies to fund his 2014 governorship campaign in Ekiti State, among other allegations of benefitting from proceeds of money laundry.


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15 Comments Nigeria News
emmanabis• 3 weeks ago
Eeya
Reply
Lankydavid001• a month ago
Wow
Reply
aturuchi18• 2 months ago
Welcome back fayose
Reply
Kolatunmy• 2 months ago
Nice
Reply
Jpsadoh• 2 months ago
That's huge amount of money
Reply
olakunle031009• 3 months ago
Good
Reply
LuCkYbOi• 3 months ago
politics
Reply
LuCkYbOi• 3 months ago
Smh
Reply
LuCkYbOi• 3 months ago
Smh
Reply
Adepoju• 3 months ago
Nyc
Reply
Lafeeze53• 3 months ago
Gud
Reply
Ahmadusman07• 4 months ago
hmm
Reply
RemiNNP• 4 months ago
I thought bail is free
Reply
Abidoun• 4 months ago
Abi now
Reply
innkayobami• 4 months ago
Well, we already known that's what's gonn' end the call up.
Reply

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