The Federal High Court in Lagos has granted a N50m bail to the immediate-past Governor of Ekiti State, Mr Ayodele Fayose.

Fayose is facing N2.2bn fraud charges, as alleged by the Economic and Financial Crimes Commission, EFCC.

Justice Mojisola Olatoregun, on Wednesday, granted Fayose bail with two sureties in like sum.

The judge said one of the sureties is to sign N50m bond from a reputable bank; while the other must own a landed property within Lagos.

The sureties are to show evidence of three years’ tax clearance.
Fayose was directed to deposit his passport in the court’s custody pending the outcome of the case.

However, the  judge ordered that the ex-governor be remanded in the prison custody until he meets the bail conditions.

She adjourned till November 19, 2018 for the commencement of trial, stressing that the trial would be conducted on a day-to-day basis.