Instagram celebrity, Ismaila Mustapha, popularly known as Mompha, has been granted bail of N200 million by the Justice Mojisola Dada-led Ikeja Special Offences Court on Tuesday.
The Court also requested two sureties, one of which must own a property valued at N100 million within its jurisdiction.
He had filed for bail through his lawyer, Gboyega Oyewole (SAN).
ABN TV 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.
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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.
