The immediate past governor of Ekiti State, Ayo Fayose, yesterday appeared before a Federal High Court in Lagos and pleaded not guilty to the allegation that he misappropriated N30.8 billion.
Fayose, alongside his company, Spotless Investment Limited, was charged to court by the Econoimic and Financial Crimes Commission. He was alleged to have committed the alleged offences during his tenure as Ekiti State governor.
Justice Mojisola Olatiregun ordered that Fayose be remanded at the EFCC custody till tomorrow Wednesday when his bail application will be heard in court.
After Fayose’s arraignmentm his counsel, Kanu Agabi, informed the court of a motion on notice for his bail of the accused, saying same had been served on prosecution.
In response, the prosecutor, Rotimi Oyedepo, confirmed service of the bail application, but told the court that he required time to reply.
Justice Olatoregun consequently adjourned the case to October 24 for 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.