The Abuja Division of the Federal High Court has granted the former Chairman of DAAR Communications Plc, Chief Raymond Dokpesi, bail to the tune of N400 milion even as the court ordered that he should be remanded in Kuje prison until he meets the bail conditions.
In a ruling today, the trial Judge, Justice Gabriel Kolawole ordered Dokpesi who is facing a six-count criminal charge, to produce two sureties who must deposit N200 million each.
Another condition, the Judge said, is that one of the sureties must be a public servant, either serving or retired, not below the level of a Director. He added that the second surety may be an entrepreneur who must submit three years tax clearance.
Justice Kolawole said 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 N200 milion.
The sureties, the court said, must depose to an affidavit of means, and submit two recent passport photographs to the Deputy Chief Registrar (DCR), Administration, of the high court.
Dokpesi was asked to surrender his international passport and that “if it is already in custody of the EFCC, it should be delivered to the DCR of the Federal High Court in charge of Litigation.”
Meanwhile, Justice Kolawole ordered that Dokpesi should be remanded in prison custody pending the perfection of the bail conditions.
It will be recalled that Dokpesi who is a chieftain of the Peoples Democratic Party (PDP), was arraigned before the court on December 11, over alleged N2.1billion fraud.
He is facing trial alongside his firm, DAAR Investment and Holdings Ltd, owners of African Independent Television, AIT, and Raypower FM. [myad]
