An Ikeja Special Offences Court has cut the bail conditions of internet fraud suspect Ismaila Mustapha from N200 million to N25 million.
Justice Mojisola Dada made the downward review at resumed proceedings yesterday.
Justice Dada also ordered that one of the two sureties must have landed property valued at N50 million in the state and must be produced by his lawyer.
Mustapha was arrested on January 10, 2022, by the Economic and Financial Crimes Commission (EFCC).
He was charged with conspiracy and money laundering to the tune of over N6billion, along with his company, Ismalob Global Investment Limited.
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