He was arrested at his home in Sun City Estate in Abuja.

It was gathered that earlier this year Fashanu had acted for a friend looking to buy land.

He was allegedly giving £23,000 in cash to buy the plot, which was said to have been allocated to another person.

It was gathered that when Fashanu’s friend went to claim his land, he found it not for sale and not in the hands of those who sold the land to Fashanu.

Fash was taken before a superintendent to explain himself before being left in a packed pen, police sources said.

Officers are now looking for the other two men said to be involved. Fashanu has agreed to pay the money back, although he denies any wrongdoing.

Fashanu was released after surrendering his British passport and agreeing to pay back the first installment of the money.

Sources said he looked to sell some of his cars to raise the cash as he waited for funds from his numerous business interests to clear in his bank account. His barrister, Hyp Egbune, confirmed he had this week paid a second installment of the money owed.

Deputy Inspector General of Police (DIG), Hyacinth Dagala, who confirmed Fashanu’s arrest said: “John Fashanu was arrested on July 17 in connection with an allegation of criminal conspiracy and obtaining the sum of N9,550,000 under false pretence.

He was granted administrative bail on July 18 but because of his inability to produce the requisite surety on that day, he remained in detention until July 19 when he was released.”