A Federal High Court sitting in Abuja on Monday granted the embattled former Chairman of Daar Communications Plc, Dr. Raymond Dokpsi to a whooping N200 Million bail.
The court ordered that the accused to be remanded in prison until the bail conditions is perfected. The judge rule that Dokpesi must produce 2 sureties in like sum who must be directors either retired or serving in either public or private sector. Those serving must show letter of appointment.
Dokpesi is charged along with his company, Daar Holding and Investment Limited by the EFCC on a six count criminal charge.
They are accused of violating the Money Laundering Act, the EFCC Act and the Public Procurement Act.
Dokpesi is accused of involvement in the mismanagement of funds meant for the purchase of military wares under the former President Goodluck Jonathan administration.
Credit: Daily Trust