EFCC arraigns accountant, firm for N200m theft

The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 2, on Monday, October 6, 2025, arraigned one Oguibe Promise Nkwachukwu and his company, Wifamapp Royalty Global Limited, before Justice R.A. Oshodi of the Lagos State High Court sitting in Ikeja over alleged theft of N200 million.

Nkwachukwu and his company were docked on a 13-count charge bordering on stealing and dishonest conversion of funds belonging to Travelstar Web Logistics Limited, where he formerly served as an accountant.

According to the EFCC, the defendant allegedly diverted several sums, including $36,000 and $156,000, entrusted to him by his employer for personal use, acts that contravene Sections 280(1)(b), (2)(f), and 287 of the Criminal Law of Lagos State, 2015.

One of the charges reads: “That you, Oguibe Promise Nkwachukwu, being the alter ego of Wifamapp Royalty Global Limited, dishonestly converted to your own use the sum of $36,000, property of Travelstar Web Logistics Limited, entrusted to you as the company’s accountant.”

The defendant, however, pleaded not guilty to all charges.

Prosecution counsel, A.A. Usman, requested a trial date and asked the court to remand the defendant at a correctional centre pending trial.

Defence counsel, Kelvin C. Uzozie, informed the court of a pending bail application and appealed that his client be temporarily held in EFCC custody.

After hearing both sides, Justice Oshodi adjourned the case to October 17, 2025, for hearing of the bail application and ordered that the defendant be remanded at the Kirikiri Correctional Centre in Lagos.