By Adebola Isimijola, Lagos
The Economic and Financial Crimes Commission (EFCC) has arraigned two individuals and a company before the Lagos State High Court in Ikeja over the alleged theft and conversion of N560 million belonging to a firm and a private citizen.
The defendants, Olivia Dike, Azeez Muniru Siyanbola and Eniafelamo Global Seven Nigeria Limited, were arraigned on Monday by the Lagos Zonal Directorate 2 of the EFCC before Justice R.O. Oshodi on a three-count charge bordering on stealing.
According to the anti-graft agency, the defendants allegedly conspired with one Taoheed Lekan Abdrahman, who remains at large, to steal and convert to their personal use the sum of N560 million belonging to Peachland West Africa Limited and Iyke Stephen Okpaji between July 2024 and February 2025.
One of the charges reads: “That you, Olivia Dike, Azeez Muniru Siyanbola, Eniafelamo Global Seven Nigeria Limited and one Taoheed Lekan Abdrahman (at large), between July, 2024 and February, 2025 at Lagos, within the jurisdiction of this honourable court, dishonestly stole and converted to your use the cumulative sum of N560,000,000.00 (Five Hundred and Sixty Million Naira only), property of Peachland West Africa Limited and Iyke Stephen Okpaji.”
The EFCC said the alleged offence contravenes Sections 278(1)(b) and 285(9) of the Criminal Law of Lagos State, 2011.
When the charges were read, the defendants pleaded not guilty.
Following their plea, prosecution counsel, Nnaemeka Omewa, urged the court to fix a date for trial and remand the defendants in a correctional facility pending the hearing of their bail applications.
Justice Oshodi subsequently adjourned the case until July 10, 2026, for hearing of the bail applications and commencement of trial.
The judge ordered that Dike be remanded in a female custodial centre, while Siyanbola was remanded in a maximum-security correctional facility.
The EFCC disclosed the development in a statement issued after the court proceedings.
