The Federal High Court in Lagos has granted the former Governor of Ekiti State, Ayodele Fayose, bail in the sum of N50 million.
The presiding judge, Morenikeji Olatoregun, granted the bail at the resumed hearing of the case on Wednesday.
The Economic and Financial Crimes Commission (EFCC) had on Monday arraigned the ex-governor on 11 counts of alleged money laundering.
He, however, pleaded not guilty to the charges.
After entertaining the submissions from both the prosecuting and defence counsels (on Monday), the presiding judge ordered that Fayose be remanded in EFCC Custody and subsequently, adjourned the case till today.
[BREAKING] Court Grants Ex. Gov. Fayose N50m Bail, takes his International Passport