By Olaitan Ibrahim
The Economic and Financial Crimes Commission, EFCC has arraigned one Samson Davies and his firm, Signature Advisory Limited, before the Special Offences Court sitting in Ikeja, Lagos, on a one-count charge bordering on stealing the sum of N190,791,494 from a company identified as Ronchess Global Resources Plc.
Davies was arraigned The Lagos Zonal Directorate 1 of EFCC before the court presided over by Justice Mojisola Dada on Tuesday, Dele Oyewale, spokesperson for the EFCC said in a statement.
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 (One Hundred and Ninety Million, Seven Hundred and Ninety-One Thousand, Four Hundred and Ninety-Four Naira), property of Ronchess Global Resources Plc.”
However, Davies pleaded “not guilty” to the one-count charge when it was read to him.
Following his plea, prosecution counsel, C.C. Okezie, prayed the court for a trial date to enable the prosecution to prove its case against the defendants. He also prayed that the defendant be remanded at a Correctional Centre.
However, defence counsel, Ifeoma Esom, informed the court that a bail application had been filed and urged the court to grant the defendant bail on the most liberal terms.
Justice Dada granted the defendant bail in the sum of N50 million with two sureties in like sum.
The Judge said one of the sureties must own landed property in Lagos, and the defendant is to submit his international passport to the court and sureties must have evidence of tax clearance.
The judge further ruled that the defendant be remanded at the Nigerian Correctional Facility pending the perfection of his bail conditions.
The case was adjourned till July 7, 2025, for the commencement of trial.