Former Petroleum Minister, Mrs Diezani Alison-Madueke, who was arrested in London on Friday, has been granted bail.
She was granted bail by a magistrate court in London after she had been detained for several hours.
The London Police also confirmed that she is being prosecuted for money laundering.
Mrs Alison-Madueke was arrested in London on Friday along with four other persons in relation to corruption allegations being investigated by the UK National Crime Agency.
Meanwhile, the Presidency in Nigeria has declined to comment on the arrest of the former Petroleum Minister.