Justice Oluremi Oguntoyinbo, sitting at the Federal High Court in Lagos, rejected the plea by the police prosecutor that the N50,000 be waived.
The judge rebuked the prosecutor for the snail’s pace at which the case had proceeded since Egbegbe and his co-defendants were arraigned in February last year.
The judge during the previous hearing awarded N50,000 cost against Anyigor after the defence counsel raised objection to the competence of a police officer, Godwin Omaka, to testify in the case.
Shortly after Omaka entered into the witness box at the last hearing, the defence counsel complained that they could not find his name on the list of the witnesses which the prosecutor served on them as part of the proof of evidence.
Responding, the prosecutor, Anyigor, apologised, saying it was an oversight.
But Justice Oguntoyinbo rejected the apology and awarded N50,000 cost against Anyigor, stressing that the fine must be paid before the next adjourned date.
When the matter was called on Monday and Anyigor was asked by the judge why he had yet to pay the fine and urged the judge to waive it.
But the judge refused.
In view of the judge’s refusal to waive the fine, the prosecutor pleaded to be given two weeks to raise the money.
But Justice Oguntoyinbo said she could not grant any adjournment longer than seven days, noting that the case had already dragged.
“I am getting fed up with this case. There has to be an end to litigation; this matter must end.
“We are talking about human lives. Only one of them (defendants) has been able to secure bail, the others are in prison.
“Justice delayed is justice denied. These are young people, let them know their fate,” the judge told the prosecutor.
She subsequently adjourned the case till November 7, 2018, directing the prosecutor to ensure that the fine was paid.
The police charged Egbegbe and four others with alleged serial frauds involving N39,098,100, $90,000 and £12,550.
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They were accused of fraudulently obtaining the money from no fewer than 40 Bureau De Change operators in Lagos over a period of two years – 2015 to 2017.
Egbegbe and his co-defendants, however, pleaded not guilty to the 40 counts pressed against them.
Those standing trial alongside Egbegbe are Oyekan Ayomide, Lawal Kareem, Olalekan Yusuf and Muyideen Shoyombo.