Justice Rahmon Oshodi of the Lagos State High Court has directed that an accountant, Oguibe Nwachukwu, be remanded at the Kirikiri Correctional Centre following his arraignment by the Economic and Financial Crimes Commission on charges of alleged theft totaling N200 million.
The anti-graft agency disclosed in a statement released on its Facebook page Monday that the defendant and his company are facing 13 criminal counts related to stealing.
According to the EFCC, Nwachukwu allegedly misappropriated $36,000 entrusted to him by his former employer, Travelstar Web Logistics Limited, in 2020.
In a separate count, the commission alleges that the accused also converted $156,000 belonging to the same organization for personal use between January and July 2018.
The charge sheet partially reads: “That you, Oguibe Promise Nwachukwu, being the alter ego of Wifamapp Royalty Global Limited and Wifamapp Royalty Global Limited, being a company incorporated in Nigeria sometime in March, 2020 in Nigeria, within the Judicial Division of this Honourable Court, dishonestly converted to your own use the sum of $36,000 property of Travelstar Web Logistics Limited entrusted to you, being the custodian as an accountant to the Travelstar Web Logistics Limited, thereby committed an offence stealing, contrary to Section 280(1) (b) and (2) (f) and 287 of the Criminal Law of Lagos State, 2015.”
Another count states: “That you, Oguibe Promise Nwachukwu, being the alter ego of Wifamapp Royalty Global Limited and Wifamapp Royalty Global Limited, being a company incorporated in Nigeria sometime between January 29, 2018 and July, 2018 in Nigeria, within the Judicial Division of this Honourable Court, dishonestly converted to your own use the sum of $156,000 property of Travelstar Web Logistics Limited entrusted to you, being the custodian as an accountant to the Travelstar Web Logistics Limited, thereby committed an offence Stealing, contrary to Section 280(1) (b) and (2) (f) and 287 of the Criminal Law of Lagos State, 2015.”
The defendant reportedly entered a not guilty plea when the charges were presented before the court.
Following the plea, prosecution counsel A.A. Usman requested a trial date and asked the court to remand the suspect in EFCC custody pending trial.
However, the defense attorney, Kelvin C. Uzozie, informed the court of a pending bail application filed on behalf of his client and also requested that the defendant be held in EFCC custody.
The statement noted: “After listening to both parties, Justice Oshodi adjourned till October 17, 2025, for the hearing of the bail application and also ordered the remand of the defendant at the Correctional Centre, Kirikiri, Lagos.”
The EFCC has recently intensified its prosecution of high-profile financial fraud cases involving public officials and custodians of resources.
In January, the commission arraigned a former Accountant General of the Federation, Anamekwe Nnabuoku, on charges involving alleged fraud amounting to N1.9 billion.
Similarly, the EFCC in April 2025 prosecuted the Accountant General of Bauchi State for alleged fraud totaling N8.3 billion.
These prosecutions underscore the anti-corruption agency’s sustained campaign against large-scale financial crimes perpetrated by individuals entrusted with managing public and corporate funds.
