The Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC) has arraigned one Samson Davies alongside his company, Signature Advisory Limited, before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos.
The duo was arraigned on a one-count charge of allegedly stealing the 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.
According to the charge: “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 however pleaded not guilty to the charge.
Following his plea, the prosecution counsel, C.C. Okezie, requested a trial date and urged the court to remand the defendant at a Correctional Centre pending trial.
In response, the defence counsel, Ifeoma Esom, informed the court that a bail application had already been filed and pleaded for the defendant to be granted bail on liberal terms.
Justice Dada granted bail in the sum of N50 million, with two sureties in like sum. One of the sureties must own landed property in Lagos. The defendant is also required to submit his international passport to the court, and the sureties must provide evidence of tax clearance.
The judge ordered that the defendant be remanded at the Nigerian Correctional Centre until the bail conditions are fully met.
The matter was adjourned until July 7, 2025, for commencement of trial.
