Dokpesi loses bail bid as court adjourns to Dec 14


Chairman, DAAR Communications Plc, High Chief Raymond Dokpesi, on Thursday, December 10, 2015, failed in his bid to regain freedom after being docked on Wednesday on a six-count charge bordering on alleged procurement fraud and breach of public trust to the tune of N2.1 billion.

Uba Group

He was docked before Justice Gabriel Kolawole of the Federal High Court sitting in Abuja by the Economic and Financial Crimes Commission.

Dokpesi is facing prosecution by the anti graft agency for allegedly receiving the sum of N2.1 billion from the office of the National Security Adviser, for the Peoples Democratic Party’s presidential media campaign. The money was allegedly disbursed from funds earmarked for the procurement of arms for the fight of insurgency.

He was arraigned alongside his firm, DAAR Investment and Holdings Limited, owners of African Independent Television and Raypower FM.

The funds which were allegedly released to the accused persons between October, 2014 and March 19, 2015 were allegedly transferred from an account of the office of the NSA operated with the Central Bank of Nigeria, to a First Bank of Nigeria Plc account owned by DAAR Investment and Holding Company Limited.