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Justice Oluremi Oguntoyinbo of the Federal High Court in Lagos on Friday granted a N5m bail to Nigerian movie producer, Olajide Kazeem, otherwise called Seun Egbede, who was two weeks  charged for serial frauds including N39, 098,100, $90,000 and £12,550. 
Seun Egbegbe. Image credit: Kemi Filani.
Egbede was charged on 36 count charges alongside one Oyekan Ayomide, with whom he purportedly execute the frauds between August 2015 and February 2017. 
Egbegbe and Ayomide had been in the prison custody since February 10, 2017 when they were arraigned before Justice Oguntoyinbo by the police. 
On Friday, be that as it may, the judge allowed both accused N5m each with two sureties each in the total of N2.5m. 
The judge said one of the sureties must be a civil servant on at least level 16 and must possess a landed property in Lagos State. 
The surety, the court, said must present the Certificate of Occupancy of the landed property in the care of the court. 
Both sureties were to swear to affidavit of means while their addresses would be verified by the court.
The police had in the charge asserted that Egbegbe and Ayomide defrauded no less than 30 Bureau de Change operators in Lagos between August 2015 and February 2017.
Both sureties were to swear to affidavit of means while their addresses would be verified by the court.
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