Nollywood producer, Olajide Kareem, popularly called Seun Egbegbe has regained freedom after spending about three years and six months in prison custody.
He was set free on Tuesday October 11, 2022.
The filmmaker was incarcerated on February 10, 2017, after obtaining money by false pretence from at least 40 bureau de change operators in different parts of Lagos from 2015 to 2017.
Egbegbe was accused of swindling the BDC operators by claiming that he had naira to change into foreign currencies and vice versa.
He was arraigned by the police for a series of frauds involving N39,098,100, $90,000 and £12,550.
Egbegbe alongside one Oyekan Ayomide were first arraigned on February 10, 2017, before Justice Oluremi Oguntoyinbo, on 36 counts bordering on advance fee fraud.
The charge sheet was subsequently amended twice and the counts increased to 40 with three other defendants – Lawal Kareem, Olalekan Yusuf and Muyideen Shoyombo – added.
The prosecuting counsel for the police, Innocent Anyigor, said Egbegbe and the other defendants acted contrary to Section 8 of the Advance Fee Fraud and Other Related Offences Act 2006 and were liable to be punished under Section 1(3) of the same Act.
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