A Federal
High Court sitting in Lagos, Wednesday granted the immediate past Governor of
Ekiti State Ayodele Fayose, bail sum of N50 million, bond, with one surety in
like sumJustice Mojisola Olatoregun granted Fayose bail with two sureties in like sum, who must issue N50 million bond in a reputable bank as well as possess three years tax clearance.
She also ordered that the former governor should deposit his International Passport with the court. The surety must possess three years tax clearance and must also secure a bond of N50million from a reputable bank which will be forfeited if Fayose jumps bail. Fayose was also ordered to swear to an affidavit not to tamper with the witnesses and should deposit his international passport with the chief Registrar of the court. Earlier, Kanu Agabi, Fayose’s lawyer, urged the court to grant bail to his client based on self-recognizance on the ground that he voluntarily submitted himself to the EFCC. But the commission opposed the bail request, saying that on the day Fayose arrived at the EFCC headquarters, he was accompanied by hoodlums who were willing to attack their officials.
The commission also argued that they are still tracing
other properties acquired by the former governor with the proceeds of the
alleged laundered funds. Fayose is facing an 11-count charge of conspiracy and
money laundering amounting to N2.2 billion. The former governor and his
company, Spotless Limited, pleaded not guilty to all the charges. According to
the EFCC, Fayose received N1.2 billion to fund his 2014 gubernatorial campaign
in Ekiti State, a sum they said he ought to have known formed part of proceeds
of an unlawful act. Justice Olatoregun had adjourned till yesterday, for the
hearing of the bail application. Trial adjourned till November 19.