Olatunji was granted bail by a Magistrate Court sitting in the Ifo area of Ogun State on Monday.
He was arrested with one Olanrewaji Taiwo last week in full regalia where they were allegedly initiating new intakes in a bush at the Gbogidi area of Ilaro.
While they were being paraded last week, Olatunji claimed he was not a cultist and said he was charmed while on his way to church.
He said, “I am not a cult member. I don’t know how I got into the bush. I was charmed, I don’t know how it happened, “I was going to the church around 7 am on Sunday. I was going to a church in llaro. My Rector also goes to that church and he hates anything cultism.”
The Southwest Zone of the National Association of Nigerian Students (NANS) on sunday threatened to embark on a statewide protest if Olatunji was not charged to court by the police.
The Ogun Police Command warned the students not to embark on the planned protest as anybody caught would face the full weight of the law.
Meanwhile, Olatunji was docked yesterday by the police on a three-count charge.
However, he was granted bail in the sum of N200,000, with two sureties in like sum as the case was adjourned till February 20.
Azeez Adeyemi, The Special Assistant to Governor Dapo Abiodun on Students Matters, said the State Government waded into the matter to forestall breakdown of law and order