Breaking News! EFCC grant Fani Kayode N50m Bail

The embattled spokesman of former President Goodluck Jonathan’s campaign organisation, Chief Femi Fani-Kayode, has been granted bail this Thursday morning in the sum of N50m, and one surety in like sum by Justice James Tsoho, of the federal high court, sitting in Abuja.
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Before his arraignment on Thursday, he has been in the custody of the EFCC for 21 days after he was arrested‎ in Lagos and transported to Abuja.
According to TheCable News, in his ruling on Thursday, Tsoho held that the offence Fani-Kayode was alleged to have committed was a bailable one, and therefore, granted the defendant bail as requested by Afedayo Adedipe (SAN), his counsel.
However, he ruled that Fani-Kayode be remanded in prison until he perfected his bail condition.
Recall that the Economic and Financial Crimes Commission (EFCC) is prosecuting  Fani-Kayode on five-counts of money laundering to the tune of N26m.
The anti-graft agency is also prosecuting him on 17-counts of money laundering ‎to the tune of N4.9bn at the Lagos division of the federal high court.
The judge fixed December 14, for the commencement of trial.
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