The Federal high court sitting in Lagos on Friday granted socialite Ismaila Mustapha, also known as Mompha, N100m bail.
Mompha is being arraigned for alleged N33billion fraud.
The Economic Financial Crimes Commission (EFCC) arrested Mompha on October 19 at the Nnamdi Azikiwe International Airport, Abuja.
He was remanded in the commission’s custody following a court order.
Mompha was arraigned by the EFCC on Monday on a 14-count charge at the Federal High Court in Ikoyi, Lagos, Southwest Nigeria.
But, Mompha pleaded not guilty to a 14-count charge bordering on the offences.