The immediate past Governor of Ekiti State, Ayodele Fayose, on Monday appeared before a Federal High Court, Lagos, and was charged with N30.8 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 N30.8 billion fraud.
The News Agency of Nigeria (NAN) reports that 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 Oct. 24 for the hearing of the bail application.
Meanwhile, following a plea by the defence counsel on the temporary remand of Fayose, the court ordered that he be remanded in custody of the EFCC pending bail.