Former governor of Ekiti State, Ayodele Fayose has been granted bail with the sum of N50m bond.
Fayose will also produce two sureties who must issue a N50 million bond in a reputable bank as well as possess three years tax clearance.
The judge also ruled that Fayose deposit his international passport with the court
Fayose is standing trial over an 11-count charge bordering on money laundering, abuse of public office, criminal breach of trust and stealing, up to the tune of N6.9bn preferred against him by the Economic and Financial Crimes Commission, EFCC.
Fayose was, Monday, denied bail by the court when he appeared for his trial. The judge had ordered that he be remanded under the EFCC custody and the case adjourned till today.
Fayose had pleaded not guilty to the charges against him when they were read to him in court on Monday.
Earlier, Fayose’s counsel, Kanu Agabi, pleaded with the court to grant his client bail based on self recognition.
He also sought the bail on the grounds that Fayose voluntarily submitted himself to the EFCC.