Alleged N91.7m & N3.4m Fraud: EFCC Arraigns Four For Theft In Lagos

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Directorate 1, has arraigned four suspects : Adetunji Mathew, Victor Damilare Olaomo, Douglas Agorom Ikwugwu and Arowolo Adeniyi Abiodun, before different judges at the Lagos State High Court in Ikeja, Lagos, over alleged fraud and theft.

Mathew and Olaomo were arraigned before Justice O. A. Okunuga of the Lagos State High Court sitting in Ikeja on a five-count charge bordering on conspiracy to commit felony and stealing to the tune of N91,749,230 (Ninety-One Million, Seven Hundred and Forty-Nine Thousand, Two Hundred and Thirty Naira).

The offences are contrary to Sections 409 and 285 of the Criminal Law of Lagos State, 2011.

The other two suspects, Ikwugwu and Abiodun were arraigned before Justice Olubunmi Abike-Fadipe of the Special Offences Court sitting in Ikeja on a five-count charge bordering on conspiracy, stealing and retention of proceeds of crime, contrary to Sections 409 and 285 of the Criminal Law of Lagos State, 2011.

One of the counts against Mathew reads:

“That you, ADETUNJI MATHEW TEMIDAYO, sometime between 2024 and 2025 in Lagos, within the jurisdiction of this Honourable Court, while being the accountant of God’s Touch Apartment and Hotels, dishonestly converted to your own use an aggregate sum of N64,764,830 (Sixty-Four Million, Seven Hundred and Sixty-Four Thousand, Eight Hundred and Thirty Naira), property of God’s Touch Apartment and Hotels.”

Another count against Olaomo reads:

“That you, VICTOR DAMILARE OLAOMO, sometime between 2024 and 2025 in Lagos, within the jurisdiction of this Honourable Court, while being the accountant of God’s Touch Apartment and Hotels, dishonestly converted to your own use the sum of N26,082,400 (Twenty-Six Million, Eighty-Two Thousand, Four Hundred Naira), property of God’s Touch Apartment and Hotels.”

One of the charges against Ikwugwu reads:

“That you, Douglas Agorom Ikwugwu, sometime in June 2025 in Lagos, within the jurisdiction of this Honourable Court, whilst being the Duty Manager at God’s Touch Apartment Hotel, dishonestly stole and converted to your own use an aggregate sum of N1,966,000 (One Million, Nine Hundred and Sixty-Six Thousand Naira), property of God’s Touch Apartment Hotel.”

The charge against Abiodun reads:

“That you, Arowolo Adeniyi Abiodun, sometime in June 2025 in Lagos, within the jurisdiction of this Honourable Court, whilst being the Auditor at God’s Touch Apartment Hotel, dishonestly stole and converted to your own use the sum of N1,500,000 (One Million, Five Hundred Thousand Naira), property of God’s Touch Apartment Hotel.”

The defendants pleaded not guilty to the charges when they were read to them.

Following their plea, prosecuting counsel, B. M. Isah and U. S. Kyari, prayed the court for trial dates and urged the court to remand the defendants in a Correctional facility pending trial. Isah further informed the court that the prosecution had been served with a bail application filed by the first defendant, Mathew.

Counsel to the first defendant, I. A. Salau did not oppose the request for a trial date but informed the court that he had filed a motion for bail and urged the court to grant the defendant bail on liberal terms.

Justice Okunuga subsequently ordered that Mathew and Olaomo be remanded in a Correctional facility and adjourned the matter till March 17, 2026, for the hearing of the bail application.

Justice Abike-Fadipe, on her part, adjourned the case involving Ikwugwu and Abiodun till March 16, 2026, for hearing of their bail application and May 20, 2026, for the commencement of trial.