Breaking News: Fayose Granted Bail
Following the arraignment of Peter Fayose, the Former Governor of Ekiti state before The Federal High Court in Lagos by the EFCC for an alleged fraud of 2.2billion naira, Fayose was granted bail with the sum of N50m bond, his surety to present three years tax clearance with his International Passport to be deposited with the court.
Recall that Fayose was detained in EFCC since Tuesday October 16th after voluntarily submitting himself to the EFCC immediately after his tenure as the governor of Ekiti state.
The Economic and financial crimes commission filed a 11 count-charge against him and his company Spotless limited on criminal breach of trust, theft and money laundering of which he pleaded not guilty.
Fayose was beaming with smiles as he arrived the Federal High Court today slated to hear his bail application