Court Grants Fayose N50m Bail

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Ayodele Fayose, former Governor of Ekiti State, has been granted bail in the sum of N50 million.
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His second appearance before the Federal High Court sitting in Ikoyi, Lagos, on Wednesday, lasted less than 30 minutes.
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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.
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Fayose was arraigned before Justice Mojisola Olatoregun by the Economic and Financial Crimes Commission (EFCC) on charges of corruption.
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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 laundering.