{"id":15936,"date":"2018-10-24T11:32:37","date_gmt":"2018-10-24T11:32:37","guid":{"rendered":"http:\/\/disnaija.com\/?p=15936"},"modified":"2018-10-24T13:01:13","modified_gmt":"2018-10-24T13:01:13","slug":"fayoses-trial-starts-november-gets-n50-million-bail","status":"publish","type":"post","link":"https:\/\/disnaija.com\/fayoses-trial-starts-november-gets-n50-million-bail\/","title":{"rendered":"Fayose\u2019s Trial Starts November, Gets N50 Million Bail"},"content":{"rendered":"
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By Onozure Dania Lagos.<\/p>\n
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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 sum<\/p>\n
Justice 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.<\/p>\n
She also ordered that the former governor should deposit his International Passport with the court.<\/p>\n
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.<\/p>\n
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.<\/p>\n
Earlier, Kanu Agabi, Fayose\u2019s 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.<\/p>\n
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.<\/p>\n
The commission also argued that they are still tracing other properties acquired by the former governor with the proceeds of the alleged laundered funds.<\/p>\n
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.<\/p>\n
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.<\/p>\n
Justice Olatoregun had adjourned till yesterday, for the hearing of the bail application. Trial adjourned till November 19.<\/p>\n