Seun Egbegbe Released After Spending  6 Years, 8 Months In Custody

A Nollywood film-maker and producer, Olajide Kareem popularly called  Seun Egbegbe was on Tuesday  acquitted  of fraud charges by  the  Federal High Court , Lagos.

This is coming  after  he had  spent six years and eight months in prison custody.

Egbegbe was remanded on February 10, 2017, after allegedly obtaining money by false pretence from no fewer than 40 Bureaus De Change operators in different parts of Lagos for over a period of two years between 2015 and 2017.

He was accused of swindling the BDC operators by claiming that he had naira to change into foreign currencies.

Seun,  45, was arraigned by the police for alleged fraud involving N39m; $90,000 and £12,550, N39,098,100, respectively.

Egbegbe, who once  handled things for Fuji artistes ;Wale Ayinde, Tekoma and Pasuma, was accused of swindling BDC operators.

Unfortunately, the film-maker, who had financed the production of several Yoruba films under his Ebony Films Productions imprint, had been unable to fulfill the bail conditions more than three years after.

Seun and  Oyekan Ayomide were first brought before Justice Oluremi Oguntoyinbo on February 10, 2017 on 36 counts bordering on advance fee fraud.

Team@orientactualmags.com learned they were later joined by Lawal Kareem, Olalekan Yusuf and Muyideen Shoyombo on a 44 -count charge.

On Tuesday, however, the court found Egbegbe guilty of just one of the 44 count charges against him and set him free. 

  Out of the  44 counts, Egbegbe was found guilty of only one count, Count 19 and he was sentenced to seven years imprisonment, the judge however  ordered his release because he had already spent six years and eight months in detention,

Justice Oguntoyinbo held that 43 of the 44 count charges were crumbled because of lack of witnesses to substantiate their claims.

In addition, the judge held that the prosecuting team failed in the responsibility to provide evidence to be backed with witnesses on Counts 4, 19 and 21.

The judge also accused the police of tampering with the money recovered from the suspects.

Justice Oguntoyinbo also ruled that all the money recovered from Egbegbe as evidence should be returned to him.- Team@orientactualmags.com
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