Nollywood actor Seun Egbegbe regains freedom

Nollywood actor and producer Seun Egbegbe has been released from prison after serving three years and six months.

He was imprisoned on February 10, 2017, and set free on Tuesday, October 11th, 2022.

Trouble started for Egbegbe after defrauding no less than 40 bureaus de change businesses in Lagos between 2015 and 2017.

Egbegbe, the owner of Ebony Production, defrauded the BDC operators by claiming to have naira to exchange for foreign currency and vice versa.

Police had charged him with a series of frauds totaling N39,098,100, $90,000, and £12,550.

Justice Oluremi Oguntoyinbo, on February 10, 2017, arraigned Egbegbe and Oyekan Ayomide on 36 charges of advance fee fraud.

The counts eventually increased to 40 after the charge sheet was amended twice.

Three other defendants, Lawal Kareem, Olalekan Yusuf, and Muyideen Shoyombo were also added.

After reviewing his case again, the Federal High Court in Ikoyi found Egbegbe guilty of just one of the 44 counts charged against him.

Justice Oguntoyinbo threw out 43 of the 44 counts because of a lack of witnesses to substantiate their claims.

She also ruled that all of the money taken from Egbegbe as evidence should be restored to him.