Accountant Sent To Prison For Allegedly Swindling Company Of N200m 

P.M.EXPRESS reports that the accountant was arraigned before Justice R.A. Oshodi of the Lagos State High Court sitting in Ikeja, over alleged theft of about N200 million belonging to his former employer.

The defendant, Mr. Nkwachukwu, who worked as an accountant with Travelstar Web Logistics Limited, was docked on a 13-count charge of stealing funds entrusted to him by the company. He was arraigned by the EFCC before the Court for the alleged offence.

According to the EFCC, the defendant, while acting as the alter ego of Wifamapp Royalty Global Limited, dishonestly converted sums belonging to Travelstar Web Logistics Limited for personal use.

One of the counts read:

“That you, Oguibe Promise Nkwachukwu, being the alter ego of Wifamapp Royalty Global Limited and Wifamapp Royalty Global Limited, being a company incorporated in Nigeria sometime in March, 2020, within the Judicial Division of this Honourable Court, dishonestly converted to your own use the sum of $36,000 (Thirty-Six Thousand United States Dollars), property of Travelstar Web Logistics Limited entrusted to you as the company’s accountant, thereby committed an offence of stealing, contrary to Section 280(1)(b) and (2)(f) and 287 of the Criminal Law of Lagos State, 2015.”

Another count alleged that between January and July 2018, the defendant converted the sum of $156,000 (One Hundred and Fifty-Six Thousand United States Dollars) belonging to the same company, also in contravention of the Criminal Law of Lagos State.

The defendant pleaded not guilty to all the charges when read to him.

Following the plea, prosecution counsel, A.A. Usman, applied for a trial date and asked the court to remand the defendant in a Correctional Centre pending trial.

However, defence counsel, Kelvin C. Uzozie, notified the court of a pending bail application on behalf of his client and prayed that the defendant be remanded in EFCC custody instead of a Correctional Centre.

Justice Oshodi, after listening to both parties, adjourned the case to 17th October, 2025, for hearing of the bail application.

He ordered that the defendant be remanded at the Kirikiri Correctional Centre in Lagos pending the determination of his bail on the adjourned date as the defendant risks several years of imprisonment.