Thursday, April 16th 2026

EFCC Arraigns Accountant for Allegedly Stealing N200 Million from Employer


EFCC Arraigns Accountant for Allegedly Stealing N200 Million from Employer
102 views
    Share :

The Economic and Financial Crimes Commission (EFCC) has arraigned Oguibe Promise Nkwachukwu, an accountant with Travelstar Web Logistics Limited, and his company, Wifamapp Royalty Global Limited, over the alleged theft of ?200 million belonging to his employer.

The EFCC disclosed this in a statement on its official X page on Monday, noting that Nkwachukwu was arraigned before Justice R.A. Oshodi of the Lagos State High Court, Ikeja, on a 13-count charge bordering on stealing.

According to the anti-graft agency, the offence was committed while Nkwachukwu served as an accountant at Travelstar Web Logistics Limited.

One of the counts reads:

“That you, Oguibe Promise Nkwachukwu, being the alter ego of Wifamapp Royalty Global Limited, sometime in March 2020 within the jurisdiction of this Honourable Court, dishonestly converted to your own use the sum of $36,000, property of Travelstar Web Logistics Limited, entrusted to you as an accountant, thereby committing an offence contrary to Sections 280(1)(b), (2)(f), and 287 of the Criminal Law of Lagos State, 2015.”

Another count accuses him of converting $156,000 belonging to the company between January and July 2018.

Defendant Pleads Not Guilty

Upon the reading of the charges, Nkwachukwu pleaded not guilty to all 13 counts.

Prosecution counsel, A.A. Usman, subsequently applied for a trial date and requested that the defendant be remanded in a correctional facility pending trial.

However, defence counsel, Kelvin C. Uzozie, informed the court that a bail application had been filed and prayed that his client remain in EFCC custody instead.

Justice Oshodi adjourned the matter to October 17, 2025, for hearing on the bail application and ordered that the defendant be remanded at the Kirikiri Correctional Centre in Lagos.

Background

This development comes months after the EFCC arraigned another accountant, Samson Davies, and his firm, Signature Advisory Limited, for allegedly stealing ?190.7 million from Ronchess Global Resources Plc.

In a previous report, the EFCC revealed that it recovered ?364.5 billion, $326.5 million, and other foreign currencies and assets within one fiscal year, securing 4,111 convictions across various courts.

 

Comments:

Leave a Reply

Your email address will not be published. Required fields are marked *