Justice Nnamdi Dimgba of the Federal High Court sitting in Maitama,
Abuja, has granted N500m bail to Ekiti State Gov. Fayose’s aide Abiodun
Agbele. A statement released by the Economic and Financial Crimes
Commission confirmed this development.
Agbele who was arraigned on Wednesday
on an eleven count charge bordering on conspiracy to launder the sum of
over N4.6 billon, was granted bail in the sum of N500million, which
will be forfeited to the Federal Government if he absconds.
“He
is to provide two sureties, a civil servant of the rank of a Director, a
business man or professional in the sum of N250 million each. The
accused is also to deposit his traveling documents with the Registrar
and must not travel without court’s permission. He is to be remanded in
