The bail for Djouhri's release was set at $1.3 million, while the hearing on the businessman's possible extradition to France would be held on April 17. Djouhri has been protesting against the extradition.
The businessman, who has yet to comment the reports, was detained at London's Heathrow airport on Sunday under the European arrest warrant on suspicion of fraud and money laundering, issued by France.
Another French businessman, Ziad Takieddine, told the French authorities in 2013 that Sarkozy received money from late Libyan leader during his 2007 campaign and after being elected president. In 2012, similar claims made by French media outlet Mediapart, were denied by Sarkozy.