After being in custody for five days, the immediate past Governor of Ekiti, Ayodele Fayose, on Monday appeared before a Federal High Court, Lagos, charged with N6.9 billion fraud.
Fayose is being prosecuted by the Economic and Financial Crimes Commission (EFCC) alongside his company — Spotless Investment Ltd — on an 11-count charge of N6.9 billion fraud.
He, however, pleaded innocence of the offences.
After the arraignment of the accused, the defence counsel, Mr Kanu Agabi (SAN), who is a former Attorney General of the Federation, informed the court of a motion on notice for the bail of the accused.
He told the court that same had been served on the prosecution.
In response, the EFCC Prosecutor, Mr Rotimi Oyedepo, confirmed service of the bail application, but told the court that he required time to reply.
Justice Mojisola Olatoregun, consequently, adjourned the case until October 24 for the hearing of the bail application.
Meanwhile, following a plea by defence counsel on the temporary remand of Fayose, the court ordered that he be remanded in custody of the EFCC pending bail.