» Raymond Dokpesi Granted N400m Bail «

A Federal High Court in Abuja, Monday, granted bail to the
founder of Daar Communication Plc, Raymond Dokpesi, in a
money laundering suit brought against him by the Federal
Government.
Mr. Dokpesiis facing a six-count charge of alleged money
laundering. He was charged by the Economic and Financial
Crimes Commission, EFCC.
Justice Gabriel Kolawole of the Federal High Court said Mr.
Dokpesi should be granted bail on the condition that he
provides two sureties with N200 million each.
The first surety should be a serving or retired director in
the civil service, the judge ruled.
The second surety should be a private investor who has
paid tax for at least the last three years.
Mr. Kolawole also said Mr. Dokpesi should not be
rearrested for questioning for over eight and a half hours
any time the EFCC plans to continue with the
investigation.
“It should be no more than 10am to 6pm, any day,” the
judge directed.
He court also ordered Mr. Dokpesi to submit his
international passport to the court’s registrar within 24
hours.
Mr. Dokpesi is to be remanded in Kuje prison till the bail
conditions are met, the judge said.