Crime
Serial Fraud: Seun Egbegbe, Others Lose Bid To Quash Charges
The Federal High Court sitting in Lagos has dismissed the no-case submissions filed by a former Lagos socialite and Nollywood film-maker, Olajide Kareem, alias Seun Egbegbe, and his four co-defendants, in response to the charges of serial frauds filed against them by the police.
Justice Oluremi Oguntoyinbo dismissed the defendants’ no-case submissions and adjourned till January 12, 2021 for them to open their defence.
Alongside Egbegbe is Oyekan Ayomide, Lawal Kareem, Olalekan Yusuf and Muyideen Shoyombo standing trial on a 40-count charge.
According to the police, the defendants defrauded no fewer than 30 Bureau De Change operators in Lagos of various sums, in local and foreign currencies, between 2015 and 2017.
Prosecuting counsel Innocent Anyigor claimed in the charge that Egbegbe and his gang swindled the BDC operators of N39, 098,100, $90,000 and £12,550 over a period of two years.
The prosecutor alleged that they obtained the money from their victims by deceiving them that they either had foreign currencies to sell to or buy from the BDC operators.
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Anyigor said the defendants acted contrary to Section 8 of the Advanced Fee Fraud and Other Related Offences Act 2006 and were liable to be punished under Section 1(3) of the same.
The defendants pleaded not guilty.
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