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EFCC: Court grants Fayose N50m bail

The former governor of Ekiti state, Mr Ayodele Fayose has been granted N50 million bail by the Federal High Court in Lagos.

The Economic and Financial Crimes Commission (EFCC) on Monday arraigned the ex-governor on an 11-count charge bordering on abuse of office and fraud.

Morenikeji Olatoregun, the presiding judge, granted him bail on Wednesday.

The charges against Mr Fayose are stealing, receiving money from Musiliu Obanikoro, a former minister, criminal breach of trust, illegal acquisition of property in Abuja and Lagos and illegally acquiring property in the name of his sister in Abuja, among others.

His bail conditions include two sureties who have property in Lagos and three years tax clearance.

Until he meets the bail terms, the former governor will remain in EFCC custody.

He was also directed to submit his passport to the court’s registrar.

The case was adjourned to November 19.

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