Alleged fraudster Seun Egbegbe granted bail — but it will cost him N5m

Movie marketer Seun Egbegbe was on Friday granted bail by the federal high court, Lagos.

Egbegbe and Oyekan Ayomide were on February 2 arrested for defrauding bureau de change operatives of over N40.647 million between 2016 and February 2017.

They were apprehended by the police in Gbagada general hospital and days later, charged with 36 counts of advance fee fraud.

During their bail hearing, justice Oluremi Oguntoyinbo ruled that, “Both accused should be granted bail of N5million with two sureties each in a sum of N2.5million. That is four sureties altogether.

“One of the sureties must be a civil servant who has attained level 16 while the other surety must be a land owner in any part of Lagos metropolis.”

“The landowner must submit Certificate of Ownership of the landed property and while the civil servant must submit his international passport to the court.

“The four sureties must swear to an affidavit while the house and office addresses and telephone number will be verified by the court,” she added.

Egbegbe and Ayomide will remain in prison custody pending fulfillment of bail conditions.

The marketer was in 2016 arrested for trying to steal nine iPhone 6s from computer village in Ikeja.

Although he denied the claims, saying that he was trying to get money from his car when he was attacked, a charge sheet seen by TheCable Lifestyle accused him of theft.