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Court grants Femi Fani-Kayode N250million bail

The Federal High Court in Lagos has finally granted bail in the sum of N250m to Femi Fani-Kayode, who is being prosecuted by the Economic and Financial Crimes Commission for an alleged fraud of N4.9bn.
Justice Muslim Hassan ordered the defendant to provide two sureties in like sum and also deposit his passport in the custody of the court pending the outcome of the case.
The judge also ordered them to deposit their passport in the custody of the court pending the outcome of the case. The court also ruled that their sureties must present evidence of tax clearance in the state.




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