Justice Oluremi Oguntoyinbo of the
Federal High Court in Lagos on Friday
granted a N5 m bail to Nigerian film
maker, Olajide Kazeem, better known
as Seun Egbegbe , who was two weeks
ago arraigned for alleged serial frauds
involving N 39 , 098 , 100 , $ 90 ,000 and
£ 12 , 550 .
Egbegbe was arraigned on 36 counts
alongside one Oyekan Ayomide , with
whom he allegedly conspired to
perpetrate the frauds between August
2015 and February 2017 .
Egbegbe and Ayomide had been in
prison custody since February 10 , 2017
when they were arraigned before
Justice Oguntoyinbo by the police .
On Friday, however, the judge granted
both accused N5 m each with two
sureties each in the sum of N2 .5 m .
The judge said one of the sureties must
be a civil servant of 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 N 2 . 45 m 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 Egbegbe were Mohammed Sanni ,
who was allegedly defrauded N2 .46 m
on New Year day; Jubrila Ado,
allegedly defrauded N1 .257 m on
September 9 , 2016 ; Hassan Amodu,
allegedly defrauded N600 , 000 in
January 2016 ; Sanni Hassan ,
defrauded N1 .43 and £ 2 ,750 in August
2015; Saidi Abdullahi, defrauded
N700 , 000 on April 18 , 2016 ; Atairu
Abdullaahi, defrauded N 1 m on June
23 , 2016 ; and Abdullahi Babadisa ,
defrauded N650 , 000 in January 2016 .
Others were Abdurawan Hassan who
allegedly lost N 1 . 46 m to Egbegbe on
January 1 , 2017 ; Suraju Garuba , who
lost N850 , 000 in July 2016 ; Abdullahi
Mumini , who lost N 2 . 15 m in
September 2016 ; Garuba Hassan , who
lost N 700 ,000 on January 10 , 2016 and
Sanni Mohammed , who lost N1 .89 m
on January 29 , 2017 .
Also allegedly swindled by Egbegbe
were Barowo Abdullahi, who lost
N2 .6 m ; Yahu Alidu , who lost N1 .75 m ;
Tairu Musa , who lost N 2 m ;
Mohammed Bello, who lost $ 300 ;
Mohammed Usman, N450 , 500 ;
Suleiman Shehu , who lost N1 .276 m ;
Ahmadu Abda , who lost N 2 m ; Nairu
Musa , who lost N1 .007 m ; Sanni
Mohammed, who lost N 1 . 6 m and
$ 3 , 000 .
Others were Umaru Haruna , who lost
N1 .7 m ; Abubakar Musa , who lost
$ 4 , 000 ; Abdulrasaq Sanni , who lost
N1 .7 m ; Abdullahi Babatunde, who lost
N2 .77 m ; among others.
The police prosecutor , who signed the
charge sheet, Mr. Effiong Asuquo, said
Egbegbe and Ayomide 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.
However , when the 36 counts were
read to Egbegbe and Ayomide , they
both pleaded not guilty.
