Serial suspect, Seun Egbeegbe was granted bail today (Friday, February 24, 2017) by Justice Oluremi Oguntoyinbo of Federal High Court in Ikoyi (Lagos) in the advance fee fraud case. But he will remain in Ikoyi Prisons until he perfects the stringent bail conditions.
Along with his accomplice ( Ayomide Oyekan), he was granted bail of N5 million with two sureties (N2.5 million each).
One of the sureties must be a civil servant on level 16 who will submit his passport.
The other must have property in Lagos metropolis, and submit the certificate of occupancy.
Both must have their addresses at home and office verified.
Smiling after the bail ruling, the movie and music promoter (Alhaji Olanrewaju Oluwaseun Olasunkanmi Kazeem) may leave prison early next week.
He was docked on Friday, February 10, following his arrest on Thursday, February 2 at Gbagada General Hospital where he was accused of swindling two bureau de change operators of $9,000 and £3,000.
During investigation, over 30 forex traders reportedly turned up alleging that he defrauded them of huge sums totaling over N40 million, $29,800 and £4,815 from August 2015 till February 2, 2017.
His case was worsened as he’s still standing trial in the nine iPhone handsets theft case of Tuesday, November 22, 2016. He was arrested at Computer Village in Ikeja with the phones, beaten and bloodied, and eventually arraigned on Thursday, November 24, 2016.
He was to appear at the Magistrate court on Wednesday, February 8, 2017, for the theft case… but it was adjourned to April 12, since he was in custody of the Police for the forex swindle.