Seun Egbeegbe is sick in Ikoyi Prisons (Lagos), suffering from ulcer as he spends two full months in detention over alleged forex theft on Thursday, February 2, 2017.
What’s more, the 40 year old socialite, music and movie promoter, who was taken to the hospital by prison officials, has complained that his bail conditions are too stringent.
And more than five weeks after Justice Oluremi Oguntoyinbo of Federal High Court 8 in Ikoyi (Lagos) granted Egbeegbe and his accomplice (Ayomide Oyekan) bail on Friday, February 24, 2017, they can’t find two sureties each.
The judge had ruled that the two sureties in the like sum of N2.5 million each must be:
1. A civil servant on level 16 who deposits his international passport.
2. A property owner in Lagos metropolis who deposits the certificate of occupancy.
Both sureties must also be profiled with their office and home addresses verified.
Seun Egbeegbe (Alhaji Olanrewaju Oluwaseun Olasunkanmi Kazeem), also known as Olajide Kareem, sources informed, has been unable to get the sureties. And he’s lamenting that the bail conditions are too stringent.
“Where do they expect him to get the sureties who would leave the passport and certificate of occupancy with the court until the case which may last four years ends?” one close associate told encomium.ng this morning (Monday, April 3).
“Who will risk losing N2.5 million as surety for a case that has not even really started?” another insider told us.
“For now, he can only hope that he would be lucky to get the sureties or approach the court to amend the bail conditions,” a close friend of the father of two children and husband of two wives explained.
The ulcer patient was arrested at Gbagada General Hospital after he was nabbed by passersby following allegations that he swindled two forex traders. First taken to Ogudu Area Command, he was transferred to Lagos Police Command in Ikeja with his accomplice on Friday, February 3.
After one week of investigation, he was arraigned on Friday, February 10. With over 30 forex traders alleging that he began swindling them since August 2015, and he was remanded in Ikoyi Prisons.
He’s facing charges of defrauding the bureau de change operators of N40.647 million, $29,800 and £4,185.
The serial suspect still has the theft case of nine iPhone handsets valued at N2.4 million before Magistrate Y.O. Aje Afunwa (Mrs) of Rosaline Omotoso Court in GRA Ikeja.
The case, now adjourned to Wednesday, April 12, 2017, was a fallout of the alleged theft of the phones at Computer Village in Ikeja on Tuesday, November 22, 2016. Then, he was arraigned on Thursday, November 24, 2016, and managed to get bail after two days in detention.
With his reputation in tatters, he is now battling ulcer in prison. And the deserted merry maker is practically alone as he struggles to leave prison on bail.