According to reports, Chike was taken into custody on August 10 in Abuja, the nation’s capital.
Fashola was said to have written a petition against the entrepreneur about a report published by Reportera, a news established by Nnamdi Ibezim, the elder brother of Chike.
In August, the platform published a report claiming that Fashola was drafting the presidential election tribunal verdict that would be handed to judges to deliver.
The former minister denied the claim and petitioned the inspector-general of police over what he described as defamatory report.
After Chike was picked up and detained, his brother accused the police of arrest by proxy.
But in a statement yesterday, force spokesman, Muyiwa Adejobi, said Chike had a case to answer over alleged “malicious publication, cyber-bullying, and other related offences”.
Adejobi said the detention of the entrepreneur was “based on a court order”.
He said: “Contrary to speculations, we affirm that Mr. Chike is in lawful custody based on a court order, and his detention is in connection with a prima facie case of malicious publication, cyber-bullying, and other related offences that are still under investigation by the police.
“The arrest and detention of individuals are carried out in strict adherence to legal procedures and respect for individual rights.
“In this case, a court order was obtained, following a thorough investigation, which established an indictment on Mr Chike, who has given useful information and is assisting the police in the course of their investigation.”