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BREAKING: Court grants ex-Ekiti Governor Ayo Fayose N50m bail

Valentine Chinyem

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Former Ekiti State Governor, Peter Ayodele Fayose, has been granted a N50 million bail

Fayose’s bail application was granted during his second trial at the Federal High Court, in Ikoyi, Lagos.

Justice Mojisola Olatoregun while presiding over the trial, asked the ex-governor to provide a surety, who must have a landed property in Lagos State and must also have a three-year tax clearance in the same state.

The Economic and Financial Crimes Commission (EFCC) charged Fayose to court on 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.