Temporary reprieve came the way of founder of Daar Communications Plc, Chief Raymond Dokpesi on Monday, as a Federal High Court Abuja granted him bail.
Mr. Dokpesi is standing trial alongside his company, DAAR Investment and Holdings Ltd, on a six-count-charge bordering on money laundering and contract fraud to the tune of N2.1billion.
The charges were brought against him by Economic and Financial Crimes Commission, EFCC.
In a ruling of the court, Justice Gabriel Kolawole granted bail to Dokpesi in the sum of N400 million and two sureties in like sum.
He said that each surety must have a landed property worth N200 million each.
Kolawole said that one of the sureties must be a serving or retired civil servant of the rank of a director in either the federal or state civil service.
If retired, the judge ruled that the surety must show a retirement letter indicating the organisation where he or she had served.
Kolawole also said that the second surety must be a private entrepreneur with evidence of three years tax clearance certificate and a verifiable landed property worth N200 million.
The court further ruled that the sureties must sign an undertaking of forfeiture of the property to the Federal Government, in the event that Dokpesi fails to show up for trial on an appointed date.
The judge ordered that the international passport of the defendant should be deposited with the registrar of the court.
Justice Kolawole ordered that Dokpesi be kept at the Kuje prisons pending when he perfects all the bail conditions set by the court.
He also directed the government, through its agencies not to arrest Dokpesi for any investigation.
The judge said that if any government agency wanted further investigation on the case, it should approach his lawyers to make him available.
Justice Kolawole added that should it become necessary for the EFCC or any other government agency to interrogate Mr. Dokpesi, he must not be held for more than eight hours.
“It should be no more than 10am to 6pm, any day”, the judge directed.