On Tuesday, the Justice Mojisola Dada-led Ikeja Special Offences Court granted bail of N200 million to Nigerian socialite and Instagram celebrity Ismaila Mustapha, also known as Mompha.
The Court also demanded two sureties, one of whom must hold a property worth N100 million within its jurisdiction.
Gboyega Oyewole, his lawyer, had applied for bail on his behalf (SAN).
Charming Magazine had earlier reported that Mompha was re-arrested by the Economic and Financial Crimes Commission on January 10 for laundering funds obtained through unlawful activities and retention of alleged proceeds of crime.
He and his company, Ismalob Global Investment Limited, are standing trial on an amended 22-count charge bordering on cyber fraud and money laundering to the tune of N32.9bn brought against him by the EFCC.