A Federal High Court in Abuja has granted the founder of DAAR Communications Plc, High Chief Raymond Dokpesi the sum of N200 million bail.
According to Vanguard, Justice Gabriel Kolawole, in a ruling this afternoon ordered Dokpesi to produce two sureties who must deposit N200m each.
Justice Kolawole ordered that one of the sureties must be a civil servant, either serving or retired, not below the level of a Director, while the second surety may be an entrepreneur who must submit three years tax clearance.
The court also ruled that either of the two sureties must tender title deeds of a landed property in any part of Nigeria, the value of which must not be below N200milion and to submit two recent passport photographs to the Deputy Chief Registrar, DCR, Administration, of the high court.
Dokpesi was directed to surrender his international passport, “If already in custody of the EFCC, it should be delivered to the DCR of the Federal High Court in charge of Litigation,” Justice Kolawole said.
The court however ordered that Dokpesi be remanded in prison custody pending the perfection of the bail conditions.
Dokpesi who is also a chieftain of the Peoples Democratic Party, PDP, was arraigned before the court on December 11, over alleged N2.1billion fraud.