Ronchess Global Resources Plc, a Nigerian company known for its work in traffic solutions, construction, and procurement, has disassociated itself from Samson Abayomi Davies, its former consultant, who is currently facing trial with the Economic and Financial Crimes Commission (EFCC) over allegations of fraud, breach of trust, and attempted corporate sabotage.
In a statement issued on Friday, Ronchess said Davies was dismissed on November 23, 2023, after an internal investigation uncovered “serious financial misconduct.”
“Mr. Davies allegedly misappropriated company funds running into millions of naira, failed to account for several operational sums entrusted to him, and absconded without resolution,” the statement read in part.
The company further alleged that Davies illegally duplicated and retained confidential company documents and assets. These actions, it said, were not only unethical but also criminal.
The statement also accused Davies of attempting to blackmail and extort the company using confidential materials. The firm claimed he had been “actively promoting defamatory posts across several media platforms to mislead the public, damage the company’s reputation, and cause economic sabotage.”
The company warned the public and its business partners not to engage with Davies in its name.
“He no longer represents Ronchess in any form,” the statement said. “Any individual or organisation that chooses to conduct business with him in the name of Ronchess does so at their own risk.”
According to Ronchess, the matter was reported to the Economic and Financial Crimes Commission (EFCC), leading to Davies’ arrest in May 2025 and arraignment before Justice Mojisola Dada at the Special Offences Court in Ikeja, Lagos.
Court documents show that Davies was previously arrested in December 2023. At the time, he entered a plea deal, admitted to owing N60 million, and agreed to a repayment plan. He made an initial payment of N5 million, but the company said he later reneged on the agreement and began a campaign of blackmail and extortion.
“That you, Samson Davies and Signature Advisory Limited, sometime between October 2022 and October 2023, in Lagos, within the jurisdiction of this Honourable Court, dishonestly converted to your own use the aggregate sum of N190,791,494 (One Hundred and Ninety Million, Seven Hundred and Ninety-One Thousand, Four Hundred and Ninety-Four Naira), property of Ronchess Global Resources Plc,” the EFCC court charge read in part.
He pleaded not guilty to the charges. While the prosecution requested a trial date and remand, the defence applied for bail.
Justice Dada later granted Davies bail in the sum of N50 million, with two sureties of equal amount. One of the sureties must own property in Lagos, and Davies was ordered to surrender his international passport. He was remanded in custody pending the fulfilment of his bail conditions.
