The Economic and Financial Crimes Commission (EFCC) has arraigned four suspects before the Lagos State High Court in Ikeja over alleged fraud and theft involving about N95 million.
The EFCC disclosed the development in a statement on Monday by its Head of Media and Publicity, Dele Oyewale.
The defendants — Adetunji Mathew, Victor Damilare Olaomo, Douglas Agorom Ikwugwu and Arowolo Adeniyi Abiodun — were brought before different judges on charges bordering on conspiracy, stealing and retention of proceeds of crime.
Mathew and Olaomo were arraigned before Justice O. A. Okunuga on a five-count charge related to the alleged theft of N91,749,230 belonging to God’s Touch Apartment and Hotels.
According to the EFCC, the alleged offences were committed between 2024 and 2025 while the two defendants were serving as accountants at the hotel.
One of the counts reads: “That you, Adetunji Mathew Temidayo, sometime between 2024 and 2025 in Lagos, while being the accountant of God’s Touch Apartment and Hotels, dishonestly converted to your own use an aggregate sum of N64,764,830, property of God’s Touch Apartment and Hotels.”
Another count alleges that Victor Damilare Olaomo converted N26,082,400 belonging to the hotel to personal use during the same period.
In a related case, Ikwugwu and Abiodun were arraigned before Justice Olubunmi Abike-Fadipe of the Special Offences Court in Ikeja on a five-count charge involving N3.4 million.
Ikwugwu, a Duty Manager at the hotel, was accused of stealing N1,966,000, while Abiodun, an Auditor, allegedly converted N1,500,000 belonging to the hotel.
All four defendants pleaded not guilty when the charges were read to them.
Following their pleas, EFCC prosecuting counsel B. M. Isah and U. S. Kyari asked the court to set trial dates and remand the defendants in a correctional facility pending trial.
Justice Okunuga subsequently ordered the remand of Mathew and Olaomo in a correctional facility and adjourned the case to March 17, 2026, for the hearing of Mathew’s bail application.
Justice Abike-Fadipe also adjourned the case involving Ikwugwu and Abiodun to March 16, 2026, for the hearing of their bail application and May 20, 2026, for the commencement of trial.