Filmmaker Olajide Kareem, also known as Seun Egbegbe, has regained his freedom after spending three years and six months in prison.
The movie producer was jailed on February 10, 2017, after fraudulently obtaining thirty-nine million naira, ninety-thousand dollars, and twelve thousand, five hundred and fifty euros from over forty Bureau De Change Operators in Lagos between 2015 to March 2017.
Egbegbe, who was the boss of Ebony Production, allegedly swindled the BDC operators out of money by claiming that he had naira to change into foreign currencies and vice versa, and was later sentenced to jail by the Federal High Court, Ikoyi after being found guilty of just one of the 44 Counts charges against him.
After 42 months in jail, Egbegbe was set free yesterday October the 11th, 2022.