Fayose Granted Bail with #50Million

A Federal High Court directed by Justice Mojisola Olatoregun yesterday conceded the safeguard utilization of the immediate past executive head of Ekiti State, Ayodele Fayose, in a N6.9 billion claimed decision crusade extortion suit.

Fayose is being attempted nearby his organization, Spotless Investment Nigeria Limited, and one Abiodun Agbele who was missing on a 11- check charge.

The preliminary judge allowed him the relief in N50 million in the wake of engaging contentions from the indicting counsel, Rotimi Jacobs (SAN), and his respondent associate, Kanu Agabi (SAN).

As per the Economic and Financial Crimes Commission (EFCC), the offenses are culpable under Sections 15(1), 15 (2), 15 (3), 16(2) (b), 16 (d) and 18 (c) of the Money Laundering Prohibition Act 2011.

He had argued not blameworthy to the charges and the court in this manner deferred for knowing about his safeguard while remanding him in the care of the counter join organization.

At the point when the case came up for hearing, Agabi, who was Minister of Justice and Attorney General of the Federation (AGF), told the court that his customer would not bounce safeguard, as he was anxious to see to the speedy end of the case. He further reminded the judge that the ex-governor determinedly submitted himself at the termination of his tenure.

The attorney accordingly asked the court to grant his client Fayose bail on self-acknowledgment.