EFCC arraigns accountant for alleged N200 million theft

The Financial and Monetary Crimes Fee (EFCC) has charged Oguibe Promise Nkwachukwu, an accountant with Travelstar Internet Logistics Restricted, and his firm, Wifamapp Royalty International Restricted, to courtroom for allegedly stealing N200 million belonging to his employer.

The EFCC disclosed this in a press release posted on its official X web page

“Particularly, he was arraigned for allegedly stealing the sum of N200,000,000 (Two Hundred Million Naira) whereas serving as an accountant of Travelstar Internet Logistics Restricted,” they acknowledged 

The fee acknowledged that the arraignment occurred on Monday, October 6, earlier than Justice R.A. Oshodi of the Lagos State Excessive Courtroom sitting in Ikeja.

Particulars of the case 

In accordance with the EFCC, Nkwachukwu and his firm have been arraigned earlier than the courtroom’s Lagos Zonal Directorate 2 on a 13-count cost bordering on stealing. The alleged offence occurred whereas he was serving as an accountant at Travelstar Internet Logistics Restricted.

One of many fees reads: 

“That you just, Oguibe Promise Nkwachukwu, being the alter ego of Wifamapp Royalty International Restricted and Wifamapp Royalty International Restricted, being an organization integrated in Nigeria someday in March, 2020 in Nigeria, inside the Judicial Division of this Honourable Courtroom, dishonestly transformed to your individual use the sum of $36,000 (Thirty Six Thousand United States America {Dollars}), property of Travelstar Internet Logistics Restricted entrusted to you, being the custodian as an accountant to the Travelstar Internet Logistics Restricted, thereby dedicated an offence stealing, opposite to Part 280(1) (b) and (2) (f) and 287 of the Prison Regulation of Lagos State, 2015.” 

One other rely reads: 

“That you just, Oguibe Promise Nkwachukwu, being the alter ego of Wifamapp Royalty International Restricted and Wifamapp Royalty International Restricted, being an organization integrated in Nigeria someday between twenty ninth January, 2018 and July, 2018 in Nigeria, inside the Judicial Division of this Honourable Courtroom, dishonestly transformed to your individual use the sum of $156,000 (One Hundred and Fifty Six Thousand United States America {Dollars}), property of Travelstar Internet Logistics Restricted entrusted to you, being the custodian as an accountant to the Travelstar Internet Logistics restricted, thereby dedicated an offence Stealing, opposite to Part 280(1) (b) and (2) (f) and 287 of the Prison Regulation of Lagos State, 2015.” 

Defendant pleads not responsible 

When the costs have been learn, Nkwachukwu pleaded not responsible to all 13 counts.

Following his plea, prosecution counsel, A.A. Usman, utilized for a trial date and urged the courtroom to remand the defendant at a Correctional Centre pending the graduation of trial.

In response, defence counsel, Kelvin C. Uzozie, knowledgeable the courtroom that he had filed a bail software for his consumer and pleaded that the defendant be remanded in EFCC custody as an alternative.

After listening to either side, Justice R.A. Oshodi adjourned the case to October 17, 2025, for the listening to of the bail software. The choose additionally ordered that the defendant be remanded on the Kirikiri Correctional Centre in Lagos.

What it’s best to know 

• Earlier this 12 months, the Lagos Zonal Directorate 1 of the EFCC arraigned Mr. Samson Davies and his agency, Signature Advisory Restricted, earlier than Justice Mojisola Dada of the Particular Offences Courtroom sitting in Ikeja, Lagos, for allegedly stealing N190,791,494 belonging to Ronchess International Assets Plc, a building firm.
• In accordance with the EFCC, the defendants dishonestly transformed the funds between October 2022 and October 2023. Through the courtroom proceedings, the defendant pleaded not responsible to the cost
• Nairametrics reported that in a single fiscal 12 months, the EFCC recovered N364.5 billion, $326.5 million, alongside different foreign currency echange and property, whereas additionally securing 4,111 convictions throughout varied courts.