He was incarcerated on February 10, 2017.
The 43-year-old had been arrested for allegedly obtaining money by false pretences from no fewer than 40 bureau de change operators in different parts of Lagos from 2015 to 2017.
Egbegbe allegedly swindled the BDC operators out of the money by claiming that he had naira to change into foreign currencies and vice versa.
The erstwhile Lagos socialite had been arraigned by the police for a series of fraud involving N39,098,100, $90,000 and £12,550.
The spokesperson for the Lagos State Command of the Nigerian Correctional Service, Rotimi Oladokun, on Sunday confirmed that Egbegbe was still in custody, adding that his freedom was conditioned on his bail terms.
“It is not our fault. It is simply because he has not met his bail conditions,” he said.
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