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.
The police had charged him with a string of frauds totaling N39,098,100, $90,000, and £12,550. On February 10, 2017, Seun Egbegbe and a different Oyekan Ayomide were initially charged with 36 counts of alleged advance fee fraud before Justice Oluremi Oguntoyinbo.
After two more amendments, the charge sheet eventually had 40 charges and three additional defendants, Lawal Kareem, Olalekan Yusuf, and Muyideen Shoyombo. Seun Egbegbe and the other defendants, according to the prosecuting attorney for the police, Innocent Anyigor, violated Section 8 of the Advance Fee Fraud and Other Related Offences Act 2006 and are therefore subject to punishment under Section 1(3) of the same Act.
However, after examining his case, the Federal High Court in Ikoyi has now determined that Seun Egbegbe is guilty of just one of the 44 counts that were brought against him. It was yesterday, October 11, 2022, when Egbegbe was freed.
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.