A Federal High Court in Lagos has granted a bail of N100 million to suspected internet fraudster, Ismaila Mustapha, popularly known as Mompha.

He was granted bail on Friday after he was arraigned for alleged N33 billion fraud.

The Economic and Financial Crimes Commission (EFCC) had arrested Mompha on 19 October at the Nnamdi Azikiwe International Airport, Abuja for alleged fraud.

He was arraigned by the EFCC on Monday on 14-count charge at the Federal High Court in Ikoyi, Lagos, Southwest Nigeria.

READ ALSO: Viral Video: Pastor flogs church members for not attending service 

But, Mompha pleaded not guilty to a 14-count charge bordering on the offences.