The immediate past governor of Oyo State, Adebayo Alao-Akala has been granted bail by an Ibadan High court.

Akala was arraigned, Tuesday, in Ibadan on an 11 count charge of conspiracy, illegal acquisition of property and illegal award of contracts by the Economic and Financial Crimes Commission, EFCC.

Akala was granted bail in the sum of N500m and two sureties in the like sum and the sureties must produce evidence of ownership of land at the Government Reservation Area, Ibadan.

Explaining why the accused persons were granted bail, the trial judge, Justice Moshood Abbas  said that the purpose of a bail is to ensure that the accused persons make themselves available for trial.