Uthman Ogunfolaji
The Economic and Financial Crimes Commission, EFCC, has arraigned four individuals before the Lagos State High Court in Ikeja over alleged fraud and theft amounting to more than N95 million.
The suspects Adetunji Mathew, Victor Damilare Olaomo, Douglas Agorom Ikwugwu, and Arowolo Adeniyi Abiodun — were brought before two different judges by the EFCC’s Lagos Zonal Directorate 1 on charges bordering on conspiracy, stealing, and retention of proceeds of crime.
Matthew and Olaomo were charged before Justice O.A Okunuga of Lagos state high Court on a five-count charge related to conspiracy to commit felony and alleged theft of #91,749,230
According to EFCC, Matthew allegedly diverted #64,764,830 between 2024 and 2025 while serving as an accountant at God’s touch apartment and Hotels in Lagos.
In a separate case, Ikwugwu and Abiodun were arraigned before Justice Olubunmi Abike-Fadipe of the Special Offences Court on a five-count charge bordering on conspiracy and stealing. Ikwugwu, a duty manager at the hotel, allegedly stole N1,966,000, while Abiodun, an auditor, was accused of converting N1,500,000 belonging to the hotel to personal use.
All four suspects pleaded not guilty to the charges. Following their pleas, the courts ordered that the accused be remanded in a correctional facility pending the hearing of their bail applications, with the matters adjourned to March 16 and March 17, 2026, for further proceedings.
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