The former governor of Ekiti state, Ayodele Fayose, 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 bordering on abuse of office.
The ex-governor is accused of receiving illegal monies to fund his 2014 governorship campaign in Ekiti State, among other allegations of benefitting from proceeds of money laundering.
READ ALSO! WE ARE OPEN TO AMICABLE RESOLUTION! AMCON releases list of N906 billion bad debtors
Morenikeji Olatoregun, the presiding judge, granted the bail on Wednesday.
His second appearance before the Federal High Court sitting in Ikoyi, Lagos, on Wednesday, lasted less than 30 minutes.
He was also 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.
READ ALSO! STOMACH INFRASTRUCTURE! Fayose feeds over 150 people, secures lawyers for EFCC detainees, says Spokesman
He arrived at the court premises on Wednesday around 9am, escorted by armed security operatives and officials of the EFCC.
