Justice Nicholas Oweibo granted the bail application of the defendant following a long argument between Mike Ozhekome, his lawyer, and the Umar Buhari, the prosecutor.
The judge also ordered Babalele to deposit his international or national passport with the court registrar.
The case was adjourned to October 8 for hearing on money laundering charges preferred against him by the Economic and Financial Crimes Commission.
The anti-graft had arraigned Babalele on Wednesday on a two-count charge bothering on money laundering to the tune of $140,000.
He pleaded not guilty to the charges. SHARE THIS NEWS USING ANY OF THE BUTTON BELOW PLACE YOUR TEXT ADVERT BELOW ⬇⬇⬇