The Economic and Financial Crimes Commission (EFCC) has arraigned two individuals and a company before the Lagos State High Court in Ikeja over an alleged N560 million theft.
The defendants, Olivia Dike and Azeez Muniru Siyanbola, were brought before Justice Rahman Oshodi alongside Eniafelamo Global Seven Nigeria Limited on a three-count charge bordering on stealing and unlawful conversion of funds.
According to the anti-graft agency, the defendants allegedly conspired with one Taoheed Lekan Abdrahman, who is currently at large, to divert funds belonging to Peachland West Africa Limited and an individual identified as Iyke Stephen Okpaji.
The EFCC alleged that the offences were committed between July 2024 and February 2025 within Lagos State.
One of the charges accuses the defendants of dishonestly converting a cumulative sum of N560 million for personal use, an act said to contravene relevant provisions of the Criminal Law of Lagos State.
When the charges were read in court, Dike and Siyanbola pleaded not guilty.
Following their plea, EFCC prosecuting counsel, Nnaemeka Omewa, requested a trial date and urged the court to remand the defendants pending the determination of the case.
After hearing the prosecution’s application, Justice Oshodi adjourned the matter until July 10, 2026, for the hearing of bail applications and the commencement of trial.
The court also ordered that the first defendant be held in a female custodial facility, while the second defendant was remanded in a maximum-security correctional centre pending further proceedings.
The case is expected to continue next month when the court will consider the defendants’ bail requests and begin hearing evidence in the alleged fraud matter.
