The Federal High Court in Lagos has dismissed the no-case submissions filed by a former Lagos socialite and Nollywood film-maker, Olajide Kareem, alias Seun Egbegbe, and his four co-defendants, in response to the charges of serial frauds filed against them by the police.

The prosecutor said they obtained the money from their victims by deceiving them that they either had foreign currencies to sell to or buy from the BDC operators.

Anyigor said the defendants acted contrary to Section 8 of the Advance Fee Fraud and Other Related Offences Act 2006 and were liable to be punished under Section 1(3) of the same.

But they had pleaded not guilty.

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