Abuja - The Abuja Division of the Federal High Court on Monday granted the former Chairman of DAAR Communications, Raymond Dokpesi, bail to the tune of N400m, reports Vanguard.
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.
Also read: PDP decries Dokpesi’s arrest
The trial judge, Justice Gabriel Kolawole in his ruling on Dokpesi’s bail application ordered Dokpes to to produce two sureties who must deposit N200m each.
According to the judge, one of the sureties must be a public servant, either serving or retired, not below the level of a Director, adding that the second surety may be an entrepreneur who must submit three years tax clearance.
The judge also ordered Dokpesi to deposit his international passport with the court.
The court further ruled that Dokpesi be kept at Kuje prison, Abuja, pending the perfection of the conditions of his bail.
- News 24