Audu Maikori, CEO and founder of Chocolate City, has been granted bail by a Kaduna magistrate court.
Maikori was on Monday arraigned over alleged criminal conspiracy and spreading falsehood.
The music executive and one Simon Joseph were accused of inciting disturbance of public peace through the circulation of fake reports.
Emmanuel Yusuf, chief magistrate, however said his court does not have the jurisdiction to hear the case.
Consequently, he granted the accused persons bail in the sum of N100, 000 and one surety each.