Nollywood film-maker and producer, Olajide Kareem, aka Seun Egbegbe, has spent over 30 months (two years and six months) in prison after he failed to meet the N5m bail granted him by the Federal High Court in Lagos.
He was incarcerated on February 10, 2017.
The 43-year-old had been arrested for allegedly obtaining money by false pretences from no fewer than 40 bureau de change operators in different parts of Lagos from 2015 to 2017.
Egbegbe allegedly swindled the BDC operators out of the money by claiming that he had naira to change into foreign currencies and vice versa.
The erstwhile Lagos socialite had been arraigned by the police for a series of fraud involving N39,098,100, $90,000 and £12,550.
The spokesperson for the Lagos State Command of the Nigerian Correctional Service, Rotimi Oladokun, on Sunday confirmed that Egbegbe was still in custody, adding that his freedom was conditioned on his bail terms.
“It is not our fault. It is simply because he has not met his bail conditions,” he said.
The world’s richest billionaire and Chief Executive Officer of LVMH, Bernard Arnault, has appointed his daughter, Delphine Arnault to...
Nigerian footballer, Kelechi Iheanacho has admitted he has struggled at LaLiga club Sevilla this season. Iheanacho joined the Spanish...
Novak Djokovic’s 20-match win streak and the perfect start to 2023 came to an end on Friday when Daniil...