Movie producer, Seun Egbegbe who has been in jail for over 20 months over theft allegations is expected to appear in Court today, November 5, 2018.
The film maker was arrested in February 2017 for allegedly trying to rip off an unsuspecting Bureau de change operator of the sum of 10 million naira while pretending to be a medical doctor at Gbagada General hospital.
The Lagos State Police Command had arraigned him before Justice Oluremi Oguntoyinbo on February 2nd for alleged serial frauds involving N39, 098,100, $90,000 and £12,550.
He was alleged to have fraudulently obtained the money from no fewer than 40 Bureau De Change operators in Lagos over a period of two years – 2015 to 2017.
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.
On February 24, 2017, Justice Oguntoyinbo granted each of them N5m bail with two sureties in like sum.
According to the judge, one of the sureties must be a civil servant on at least 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 were to be verified by the court registrar.
Justice Oguntoyinbo ordered that the defendants should be remanded in the prison custody until they meet the bail conditions.
But close to 20 months after the bail was granted, Egbegbe has remained in the Ikoyi Prison custody, as he has not been able to meet the bail conditions.