Justice Rahmon Oshodi of the Lagos State High Court has ordered the remand of an accountant, Oguibe Nwachukwu, at the Kirikiri Correctional Centre over allegations of stealing N200 million.

Nwachukwu was arraigned by the Economic and Financial Crimes Commission (EFCC) on 13 counts bordering on theft, alongside his company, Wifamapp Royalty Global Limited.

According to a statement issued by the EFCC on Monday, investigations revealed that the defendant, in 2020, allegedly converted $36,000 belonging to his former employer, Travelstar Web Logistics Limited, for personal use.

In a separate count, the EFCC further alleged that between January and July 2018, Nwachukwu unlawfully diverted an additional $156,000 belonging to the same company.

Part of the charge reads:

“That you, Oguibe Promise Nwachukwu, being the alter ego of Wifamapp Royalty Global Limited, sometime in March 2020 within the jurisdiction of this Honourable Court, 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, thereby committing an offence of stealing contrary to Sections 280(1)(b), (2)(f) and 287 of the Criminal Law of Lagos State, 2015.”

“That you, Oguibe Promise Nwachukwu, between January 29 and July 2018, within the same jurisdiction, dishonestly converted to your own use the sum of $156,000, property of Travelstar Web Logistics Limited, entrusted to you as an accountant, thereby committing an offence of stealing contrary to Sections 280(1)(b), (2)(f) and 287 of the Criminal Law of Lagos State, 2015.”

Nwachukwu pleaded not guilty to all the charges when read to him in court.

Following his plea, the prosecution counsel, A.A. Usman, requested that the court fix a date for trial and remand the defendant in custody. However, defence counsel, Kelvin C. Uzozie, informed the court of a pending bail application and appealed that his client remain in EFCC custody pending the hearing.

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

The EFCC has continued to intensify efforts against large-scale financial crimes involving custodians of public and corporate funds. In recent months, the agency has prosecuted several cases involving high-ranking financial officers across the country.