The Economic and Financial Crimes Commission (EFCC) has arraigned four suspects before the Lagos State High Court in Ikeja over alleged fraud and theft involving about N91.7 million.
This was disclosed in a statement issued on Monday by the agency on X.
The suspects, identified as Adetunji Mathew, Victor Damilare Olaomo, Douglas Agorom Ikwugwu and Arowolo Adeniyi Abiodun, were arraigned before different judges at the Lagos State High Court sitting in Ikeja, Lagos, on charges bordering on conspiracy, stealing, and retention of proceeds of crime.
What the agency said
According to the commission, the suspects, identified as Adetunji Mathew, Victor Damilare Olaomo, Douglas Agorom Ikwugwu and Arowolo Adeniyi Abiodun, were arraigned before different judges at the Lagos State High Court sitting in Ikeja, Lagos, on charges bordering on conspiracy, stealing, and retention of proceeds of crime.
Mathew and Olaomo were arraigned before Justice O. A. Okunuga on a five-count charge bordering on conspiracy to commit felony and stealing to the tune of N91,749,230.
The offences are said to be contrary to Sections 409 and 285 of the Criminal Law of Lagos State, 2011.
- According to the EFCC, Mathew, who served as an accountant at God’s Touch Apartment and Hotels, allegedly converted N64,764,830 belonging to the company for personal use between 2024 and 2025.
- Part of the charge reads: “That you, ADETUNJI MATHEW TEMIDAYO, sometime between 2024 and 2025 in Lagos, within the jurisdiction of this Honourable Court, while being the accountant of God’s Touch Apartment and Hotels, dishonestly converted to your own use an aggregate sum of N64,764,830, property of God’s Touch Apartment and Hotels.”
Olaomo, also an accountant at the hotel, was alleged to have dishonestly converted N26,082,400 belonging to the same establishment during the same period.
More details
In a separate case, Ikwugwu and Abiodun were arraigned before Justice Olubunmi Abike-Fadipe of the Special Offences Court in Ikeja on a five-count charge bordering on conspiracy, stealing and retention of proceeds of crime.
- Ikwugwu, who worked as a duty manager at God’s Touch Apartment Hotel, stole N1,966,000 belonging to the hotel in June 2025, while Abiodun, the hotel’s auditor, was also accused of stealing N1,500,000 belonging to the company within the same period.
- All four defendants pleaded not guilty when the charges were read to them.
- Justice Okunuga subsequently ordered that Mathew and Olaomo be remanded in a correctional facility and adjourned the matter to March 17, 2026, for the hearing of the bail application.
Justice Abike-Fadipe adjourned the case involving Ikwugwu and Abiodun to March 16, 2026, for the hearing of their bail applications and May 20, 2026, for the commencement of trial.
What you should know
In mid-2025, the court convicted two oil marketers, Mamman Nasir Ali and Christian Taylor, sentencing them to 14 years imprisonment each over a N2.2 billion oil subsidy fraud case after they were re-arraigned by the EFCC alongside Nasaman Oil Services Limited on a 57-count amended charge.
In another high-profile financial crime case in October 2025, the EFCC arraigned Lagos-based businessman Ugoh Christogonus Onyewuchi and his firm, C-PAC Integrated Service Nigeria, over the alleged theft of N215.8 million, said to be part of N8.56 billion fraudulently obtained through unauthorised access to a commercial bank’s computer and server systems.
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