A Federal High Court in Lagos presided over by Justice Mojisola Olatiregun on Wednesday granted bail to former Ekiti State Governor, Chief Ayodele Fayose who is facing charges of corruption brought against him by the Economic and Financial Crimes Commission (EFCC).
She granted him bail in the sun of N50m with two sureties in like sum.
Each of the sureties must produce three years tax clearance and one of them should also have a landed property in Lagos.
Justice Olatiregun granted the bail application argued by Fayose’s lead counsel. Mr Kanu Agabi (SAN).
An operative of the EFCC, Zakari Ibrahim had opposed the bail application on the ground that Fayose could tamper with the matter as the agency was still investigating where the proceeds of the money in question were spent.
He also argued that when Fayose submitted himself to the agency last week, he bombarded the place with hoodlums who could foment trouble.
However, Agabi said since Fayose submitted himself voluntarily to the EFCC, there was no way he could jump bail and tamper with investigations.
He also recalled that at the end of Fayose”s time in office when he had issues with the EFCC, he also submitted himself to the agency and saw through the trial to a logical conclusion.
Justice Olatiregun held that despite the objections of the EFCC, she was inclined to grant the bail request.
The trial continues.