BREAKING: Court grants Fayose N50m bail

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.

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.