Ikeja, Lagos – June 10, 2025
The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 1, has arraigned one Samson Davies alongside his company, Signature Advisory Limited, for the alleged theft of N190,791,494.00 (One Hundred and Ninety Million, Seven Hundred and Ninety-One Thousand, Four Hundred and Ninety-Four Naira).
This was contained on a publication made on the agency’s official Facebook page
The defendants were brought before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on a one-count charge bordering on stealing.According to the charge, Davies and his firm allegedly dishonestly converted the said sum belonging to Ronchess Global Resources Plc for personal use between October 2022 and October 2023 in Lagos.
The charge reads:
“That you, Samson Davies and Signature Advisory Limited, sometime between October 2022 and October 2023, in Lagos, within the jurisdiction of this Honourable Court, dishonestly converted to your own use the aggregate sum of N190,791,494, property of Ronchess Global Resources Plc.”
Davies pleaded not guilty to the charge. Following his plea, the prosecution counsel, C.C. Okezie, requested a trial date and asked the court to remand the defendant at a correctional facility pending trial. In response, the defence counsel, Ifeoma Esom, informed the court that a bail application had already been filed and urged the court to consider bail under the most liberal terms.
Justice Dada granted bail to the defendant in the sum of N50 million, with two sureties in like sum.
The court ruled that one of the sureties must own landed property within Lagos, and both must provide evidence of tax clearance.
Additionally, the defendant was ordered to submit his international passport to the court.The judge further directed that Davies be remanded at the Nigerian Correctional Facility pending the fulfillment of his bail conditions.The case was adjourned to July 7, 2025, for the commencement of trial.
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