A Federal high court sitting in Lagos, on Wednesday, granted former governor of Ekiti state, Ayodele Fayose, a N50 million bail.
The charges against Fayose are stealing, receiving money from Musiliu Obanikoro, a former minister, criminal breach of trust, illegal acquisition of property in Abuja and Lagos and illegally acquiring property in the name of his sister in Abuja, among others.
Fayose was arraigned before the court by the the Economic and Financial Crimes Commission (EFCC) on Monday on an 11-count charge bordering on abuse of office and financial misappropriation.
But the presiding judge of the court, Morenikeji Olatoregun, granted him bail on Wednesday.
His bail conditions include two sureties who have property in Lagos and three years tax clearance.
Until he meets the bail terms, the former governor will remain in EFCC custody.
He was also directed to submit his passport to the court’s registrar.
The case was adjourned to November 19.