Toh. Federal High Court grants Raymond Dokpesi bail

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This is not exactly surprising as it seemed inconceivable that the founder of Daar Communications PLC would just be held indefinitely, but the news has now been confirmed that the Federal High Court has granted Raymond Dokpesi bail while awaiting trial in a money laundering suit brought against him by the Federal Government.

Mr Dokpesi has been charged by the Economic and Financial Crimes Commission, EFCC on six counts of money laundering. While the media giant has denied all allegations, the Crimes Commission certainly seem to be taking the issue seriously, and Justice Gabriel Kolawole of the Federal High Court has granted bail on the condition that he provides two sureties with N200 million each.

The first surety must be a serving or retired director in the civil service, while the second should be a private investor who has paid tax for at least the last three years, the judge ruled.

The judge has also ruled that Mr. Dokpesi not be rearrested for questioning for over eight and a half hours whenever EFCC plans to continue with the investigation.

“It should be no more than 10am to 6pm, any day,” the judge directed.

Mr Dokpesi has however been barred from leaving the country, as he has been ordered to submit his international passport to the court’s registrar within 24 hours. He will continue to be remanded in Kuje prison till his bail conditions are met.

You stay well, now, y’hear, Mr Dokpesi? No sudden illnesses or nothin’.

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