Fayose pleads not guilty to alleged 30.8bn fraud

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The former governor of Ekiti State, Mr. Ayodele Fayose on Monday appeared before a Federal High Court in Lagos over alleged misappropriation of N30.8 billion.

Fayose who appeared in court in with a large number of supporters on hand, pleaded not guilty to the 11-count charge.

NAN reports that the Economic and Financial Crimes Commission (EFCC) is prosecuting Fayose alongside his company — Spotless Investment Ltd.

After the arraignment of the accused, the defence counsel and former attorney general of the federation, Mr. Kanu Agabi 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 the custody of the EFCC pending bail.

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