The Economic and Financial Crimes Commission (EFCC) has arraigned a company and two persons before a Lagos High Court for allegedly stealing N560 million. The Lagos Zonal Directorate 2 of the anti-graft agency brought Olivia Dike, Azeez Muniru Siyanbola, and Eniafelamo Global Seven Nigeria Limited before Justice R.O. Oshodi on Monday, June 8, 2026.
According to the EFCC, the defendants fraudulently converted funds totaling N560 million belonging to Peachland West Africa Limited and Lyke Stephen Okpaji. The three-count charge includes stealing, contrary to Sections 278(1)(b) and 285(9) of the Criminal Law of Lagos State, 2011. One count details that between July 2024 and February 2025, the defendants, along with a fugitive named Taoheed Lekan Abdrahman, dishonestly took the money.
All defendants pleaded not guilty when the charges were read. Prosecution counsel Nnaemeka Omewa requested a trial date and asked for the defendants to be remanded in custody. Justice Oshodi adjourned the case to July 10, 2026, for hearing of bail applications and trial commencement. The first defendant, Olivia Dike, was ordered to be held at a female custodial center, while Siyanbola was remanded in a maximum security correctional facility.