The immediate past Governor of Ekiti, State, Ayodele Fayose, on Monday, appeared before a Federal High Court in Lagos, where he pleaded not guilty to the allegation that he misappropriated N30.8 billion.
EFCC is prosecuting Fayose alongside his company — Spotless Investment Ltd — on 11 charges of N30.8 billion fraud.
He has pleaded not guilty to all charges.
After the arraignment of the accused, Defence counsel, 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, 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 defense counsel on the temporary remand of Mr. Fayose, the court ordered that he be remanded in custody of the EFCC pending bail.