Ismaila Mustapha, popularly known as Mompha, has been granted bail of N200 million by Justice Mojisola Dada of Ikeja Special Offences Court on Tuesday.
Additionally, the Court requested two sureties, one of whom must own a property worth at least N100 million within its jurisdiction.
He had applied for bail through his lawyer, Gbenga Oyewole (SAN)
Earlier, the Lagos Post had reported that Mompha had been re-arrested on January 10 by the Economic and Financial Crimes Commission for retaining alleged proceeds of crime and laundering funds obtained by illegal activities.
He and his company, Ismalob Global Investment Limited, are facing amended 22 count-charge of cyberfraud and money laundering for a total of N32.9bn.