Court Grants Fayose N50m Bail

Former governor of Ekiti state, Ayo Fayose has been granted bail by Justice Mojisola Olatoregun of the Federal High Court, Ikoyi.

Fayose, who has been in EFCC custody since his appearance in the court on Monday was granted a bail of N50 million following his bail application.

The court also demanded that the surety he would present must have three years tax clearance and he must also depost his International Passport with the court.

The Economic and Financial Crimes Commission (EFCC) had arraigned Fayose on an 11-count charge bordering on misappropriation of funds while he was in office.