Alleged serial fraudster, Seun Egbegbe, gets N5m bail

Alleged serial fraudster, Seun Egbegbe, gets N5m bail

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Today Friday 24th February, Justice Oluremi Oguntoyinbo of the Federal High Court in Lagos granted N5M bail Nigerian filmmaker, Olajide Kazeem, known as Seun Egbede who was indicted two weeks ago for alleged serial fraud involving N39, 098 100, $ 90 000 and £ 12,550.

Alleged serial fraudster, Seun Egbegbe, gets N5m bail

Egbede was accussed on 36 counts besides a Oyekan Ayomide, with whom he allegedly conspired to commit fraud between August 2015 and February 2017.

On Friday, however, the judge granted both accused N5m each with two sureties each in the sum of N2.5m.

The judge said one of the sureties must be a civil servant on not less than level 16 and must own a landed property in Lagos State.

The surety, the court, said must deposit the Certificate of Occupancy of the landed property in the custody of the court.

Both sureties were to swear to affidavit of means while their addresses would be verified by the court.

The police had in the charge alleged that Egbegbe and Ayomide defrauded no fewer than 30 Bureau de Change operators in Lagos between August 2015 and February 2017, mostly by falsely representing to the victims that they had foreign currencies to sell to the BDC operators.

The police alleged, for instance, that on February 2, 2017, Egbegbe and Ayomide fraudulently obtained the sums of N2.45m and £,3,000 from one Alhaji Isa Adamu in Lagos under the guise that they wanted to sell the naira and buy the pounds.

The other victims of the alleged frauds by Egbede were Mohammed Sanni, who was allegedly defrauded of N2.46m on 2017 New Year day; Jubrila Ado, allegedly defrauded of N1.257m on September 9, 2016; Hassan Amodu, allegedly defrauded of N600,000 in January 2016; Sanni Hassan, defrauded off N1.43 and £2,750 in August 2015; Saidi Abdullahi, defrauded of N700,000 on April 18, 2016; Atairu Abdullaahi, defrauded of N1m on June 23, 2016; and Abdullahi Babadisa, defrauded of N650,000 in January 2016.

Others were Abdurawan Hassan who allegedly lost N1.46m to Egbede on January 1, 2017; Suraju Garuba, who lost N850,000 in July 2016; Abdullahi Mumini, who lost N2.15m in September 2016; Garuba Hassan, who lost N700,000 on January 10, 2016 and Sanni Mohammed, who lost N1.89m on January 29, 2017. More details here

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