The Economic and Financial Crimes Commission (EFCC) has arraigned one Samson Davies and his company, 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” belonging to Ronchess Global Resources Plc.
Davies was brought before the court presided over by “Justice Mojisola Dada” on Tuesday, according to a statement by EFCC spokesperson Dele Oyewale.
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.”
Davies, however, pleaded “not guilty” to the charge when it was read to him.
Following the plea, prosecution counsel, C.C. Okezie, requested a trial date, stating, “to enable the prosecution to prove its case against the defendants.” He further asked that the defendant be remanded in a Correctional Centre.
Defence counsel, Ifeoma Esom, informed the court that a bail application had already been filed and appealed for the court to grant bail on “the most liberal terms.”
Justice Dada granted bail to the defendant in the sum of “N50 million with two sureties in like sum.”
The judge stipulated that one of the sureties must own “landed property in Lagos,” the defendant must submit his “international passport to the court,” and the sureties must present “evidence of tax clearance.”
The judge further ruled that Davies be remanded at the “Nigerian Correctional Facility pending the perfection of his bail conditions.”
The case was adjourned until “July 7, 2025,” for the commencement of trial.
