An Abuja Federal High Court has ordered that DAAR Investment and Holdings Ltd boss, Chief Raymond Dokpesi, who was earlier arraigned for #2.1billion fraud, be released on #400milion bail today Monday 14 Dec. 2015.EFCC accused Dokpesi of receiving #2.1billion between October 2014 and March 19, 2015 from the office of the National Security Adviser ( NSA) to sponsor PDP presidential media campaign. The fund was allegedly transferred from NSA operated CBN account to a FirstBank of Nigeria Plc account whicht belong to DAAR Investment and Holding Company Limited, a Dokpesi company.The prosecution maintained the transaction is illegal and punishable under the Nigeria law.
Dokpesi pleaded not guilty to the crime but full hearing for the case is to commence betwwen February and March 2016.
He was ordered by the court to produce two sureties who apart from to tender to the court deeds of landed properties worth of #200 million; they must also deposit #200million each and one of them must be a retired or serving civil servant or better still a business owner who has to submit 3 years tax clearance.
Justice Kolawole in the ruling also said, the sureties must also swear an affidavit of livelihood and submit two passport photographs to the high court's Deputy Chief Registrar Administration.
In addition, Dokpesi is to surrender his international passport to the "DCR of the Federal High Court in charge of Litigation”.
The Judge also ruled that Dokpesi should still remain in the EFCC custody until all the the conditions for his release on bail are met.
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