Olajide Kareem, nicknamed Seun Egbegbe, is a producer and director of Nollywood movies who just won his freedom after serving about three years and six months in prison.
Seun Egbegbe, an ex-lover of Nollywood actress Toyin Abraham, was imprisoned on February 10, 2017, after defrauding no less than 40 bureaus de change employees in various areas of Lagos between 2015 and 2017. Egbegbe, the head of Ebony Production, is accused of defrauding the BDC operators by saying he had naira to exchange for foreign currency and the other way around.
He had been arraigned by the police for a series of fraud involving N39,098,100, $90,000 and £12,550. Seun Egbegbe and one Oyekan Ayomide were first arraigned on February 10, 2017, before Justice Oluremi Oguntoyinbo, on 36 counts bordering on advance fee fraud.
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The charge sheet was subsequently amended twice, with the counts eventually increased to 40 and three other defendants – Lawal Kareem, Olalekan Yusuf and Muyideen Shoyombo – added. The prosecuting counsel for the police, Innocent Anyigor, said Seun 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.
But now the Federal High Court, Ikoyi after reviewing his case has found Seun Egbegbe; guilty of just one of the 44 Counts charges against him. Egbegbe was set free yesterday October 11, 2022.
Due to a lack of witnesses to back up their claims, 43 of the 44 Count charges were thrown out, according to Justice Oluremi Oguntoyinbo.
She also bemoaned the prosecution’s failure to fulfill its obligation to present witnesses and evidence in support of Counts 4, 19, and 21. Justice Oguntoyinbo, lamenting the fact that police tampered with the money seized from the accused, he decided that Seun Egbegbe should get all of the money taken from him as evidence.