Nollywood marketer, Seun Egbegbe and one Oyekan Ayomide, who were arrested for defrauding some Bureau De Change operatives of over N40.647m, between 2016 and February 2017, have been granted bail by the Federal High Court in Lagos.
Justice Oluremi Oguntoyinbo granted him granted a bail of N5m with two sureties each in a sum of N2.5m. He ruled that Egbegbe should be granted bail once he meets bail requirements.
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 sureties must swear to an affidavit while the house and office addresses and telephone number will be verified by the court. Egbegbe will be in prison custody pending fulfillment of bail conditions.