His international passport seized
N50m imposed on his bail
THERE is no respite yet for immediate past governor of Ekiti State, Ayo Fayoshe, in his shove with Economic and Financial Crimes Commission (EFCC) over allegations of money laundering.
According to Lere Olayinka, his media aide, although a Federal High Court in Ikoyi presided by Justice Mojisola Olatoregun yesterday granted bail to Fayose during his arraignment on an 11-count charge of conspiracy and money laundering amounting to N2.2 billion and for being a beneficiary of money laundering,
he was asked to deposit his passport with the court with N50 million and two sureties imposed as condition that must be met. The sureties must issue a N50 million bond in a reputable bank as well as possess three years tax clearance.
Olatoregun handed down the conditions in her ruling of an application by Kanu Agabi (SAN) which had earlier urged the court to admit Fayose to bail on self-recognisance, having voluntarily turned up at EFCC headquartres.
His application was however opposed by the commission whose lawyer said that on the day Fayose arrived at the EFCC, he was accompanied by hoodlums who were willing to attack their officials, adding that they are still tracing other properties acquired by the former governor with the proceeds of the allegedly laundered funds through his company,
Spotless Limited in which Fayose received N1.2 billion to fund his 2014 gubernatorial campaign, an act he ought to know as unlawful. But Fayose pleaded not guilty to all the charges.