Nollywood film-maker and producer, Seun Egbegebe has regained freedom after spending over 3 years in prison custody.
Egbegbe was remanded on February 10, 2017, after fraudulently obtaining N39 million, $90,000, and £12,550 from over forty Bureau De Change Operators in Lagos for over a period of two years between 2015 to 2017.
The film-maker who financed the production of several Yoruba films under his Ebony Films Productions imprint was accused of swindling the BDC operators by claiming that he had naira to change into foreign currencies.
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However, on Tuesday, the court found Egbegbe guilty of just one of the 44 count charges against him and set him free.
Justice Oguntoyinbo held that 43 of the 44 count charges were crumbled because of lack of witnesses to substantiate their claims.
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In addition, the judge held that the prosecuting team failed in the responsibility to provide evidence to be backed with witnesses on Counts 4, 19 and 21.
The judge also said that police tampered with the money recovered from the suspects.
Justice Oguntoyinbo also ruled that all the money recovered from Egbegbe as evidence should be returned to him.
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