Thursday 25 October 2018

Fayose gets N50m bail

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The Federal High Court in Lagos has granted a N50m bail to the immediate-past Governor of Ekiti State, Mr Ayodele Fayose, who is facing N2.2bn fraud charges.

Justice Mojisola Olatoregun, on Wednesday, granted Fayose bail with two sureties in like sum.
The judge said one of the sureties is to sign N50m bond from a reputable bank; while the other must own a landed property within Lagos.
The sureties are to show evidence of three years’ tax clearance.
Fayose was directed to deposit his passport in the court’s custody pending the outcome of the case.
The judge ordered that the ex-governor should be remanded in the prison custody until he meets the bail conditions.
She adjourned till November 19, 2018 for the commencement of trial, stressing that the trial would be conducted on a day-to-day basis.

- Punch

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