A Federal High Court in Abuja on Thursday granted an associate of Governor Ayodele Fayose of Ekiti State, Mr. Abiodun Agbele, bail in the sum of N500m.
Justice Nnamdi Dimgba, who had on Wednesday ordered the remand of the accused in Kuje Prison, Abuja, ruled on Thursday that the N500m bail sum should be guaranteed by two sureties in the sum of N250m each.
The judge had remanded Agbele on Wednesday after the Economic and Financial Crimes Commission arraigned the accused person on 11 counts of money laundering involving the sum of N1,219,000,000 said to be part of the N4,685,723,000 allegedly transferred unlawfully from the account of the Office of the National Security Adviser.
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