Former Governor of Ekiti State, Mr. Ayodele Fayose will spend this weekend in custody of Economic and Financial Crimes Commission (EFCC) our correspondent gathered on Friday.
The judge of the Lagos Division of the Federal High Court, Mojisola Olatoregun had granted bail to the former Governor Ayodele Fayose.
Olatoregun granted bail to Mr. Fayose in the sum of ₦50 million with two sureties who must issue a ₦50 million bond in a reputable bank as well as possess three years tax clearance.
She also directed that the former Governor deposit his international passport with the court.
However, Fayose was able to meet the bail conditions as at 2pm on Friday.
Confirming the development, the media aide to immediate past Governor of Ekiti State, Lere Olayinka said all necessary documents were filed before the court and verified. Hopefully, he should be out of custody by Monday.
Fayose is facing an 11-count charge of conspiracy and money laundering amounting to ₦2.2 billion.
The former Governor and his company, Spotless Limited, pleaded not guilty to all the charges.
According to the EFCC, Mr. Fayose received ₦1.2 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.
