EFCC arraigns accountant, firm over alleged N200m theft in Lagos

The Economic and Financial Crimes Commission (EFCC) on Monday, arraigned Oguibe Nkwachukwu, an accountant, and his company, Wifamapp Royalty Global Limited, for allegedly stealing ₦200 million belonging to his former employer, Travelstar Web Logistics Limited.

The defendants were brought before R.A. Oshodi, Justice of the Lagos State High Court, Ikeja, on a 13-count charge bordering on stealing and dishonest conversion of funds.

According to the EFCC, Nkwachukwu, while serving as an accountant at Travelstar Web Logistics Limited, allegedly diverted several sums of money entrusted to him by the company for personal use.

One of the counts stated that he “dishonestly converted to his own use the sum of $36,000, property of Travelstar Web Logistics Limited,” in violation of Sections 280(1)(b), (2)(f), and 287 of the Criminal Law of Lagos State, 2015.

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Another count alleged that between January and July 2018, he converted an additional $156,000 belonging to the same company while acting as its accountant.

Nkwachukwu pleaded not guilty to all charges when they were read to him.

Prosecution counsel, A.A. Usman, subsequently requested a trial date and urged the court to remand the defendant at a correctional facility pending trial.

However, defence counsel, Kelvin C. Uzozie, informed the court that a bail application had been filed on behalf of his client and prayed that he be held in the EFCC’s custody instead.

Oshodi adjourned the case until October 17, 2025, for a hearing on the bail application and ordered that the defendant be remanded at the Kirikiri Correctional Centre in Lagos.