A Federal High Court in Abuja today, granted bail to the founder of Daar Communications Plc, Raymond Dokpesi, in a money laundering suit brought against him by the Federal Government.
Mr. Dokpesi is facing a six-count charge of alleged money laundering. He was 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 surety must be a private investor who has paid tax for at least the last three years.
Meanwhile he will remain in Kuje prison pending perfection of his bail.