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Ex-Ekiti Governor, Fayose, Regains Freedom

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Five days after he was granted bail by Justice Mojisola Olatoregun of the Federal High Court in Lagos, former governor of Ekiti State, Ayodele Fayose yesterday regain his freedom.

Fayose was released from the custody of the Ikoyi prisons after perfecting his bail conditions.

The former governor was allowed to go home after the verification of the N50 million bond by the court’s registrar as ordered by the court.

It would be recalled that the judge granted Fayose bail in the sum of N50 million with two sureties in like sum.

The former governor, who is standing trial before the court on an 11-count charge of laundering the sum of N6.9 billion, was also ordered by the judge that his two sureties must issue a ₦50 million bond from a reputable bank as well as possess three years tax clearance.

The court further ordered that the former governor must deposit his passport with the court and must not travel outside the court’s jurisdiction during the proceedings without the court’s permission.

The Economic and Financial Crimes Commission (EFCC) had arraigned Fayose before the court alongside his company, Spotless Limited and one Abiodun Agbele for money laundering and fraud.

The commission accused the former governor of taking possession of the sum of N1.2 billion on June 17, 2014 for purposes of funding his gubernatorial election campaign in Ekiti State, which sum they reasonably ought to have known formed part of crime proceeds.

The EFCC also alleged that Fayose received a cash payment of the sum of five million dollars, (about N1.8 billion) from the then Minister of State for Defence, Sen. Musiliu Obanikoro, without going through any financial institution and which sum exceeded the amount allowed by law.



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