Alleged N91.7m & N3.4m Fraud: EFCC Arraigns Four for Theft in Lagos
Lagos, March 10, 2026
The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 1, has arraigned four suspects — Adetunji Mathew, Victor Damilare Olaomo, Douglas Agorom Ikwugwu, and Arowolo Adeniyi Abiodun — before different judges at the Lagos State High Court, Ikeja, over alleged fraud and theft.
Mathew and Olaomo were arraigned before Justice O. A. Okunuga on a five-count charge of conspiracy to commit felony and stealing amounting to N91,749,230 (Ninety-One Million, Seven Hundred and Forty-Nine Thousand, Two Hundred and Thirty Naira), contrary to Sections 409 and 285 of the Criminal Law of Lagos State, 2011.
The other two suspects, Ikwugwu and Abiodun, appeared before Justice Olubunmi Abike-Fadipe of the Special Offences Court on a five-count charge bordering on conspiracy, stealing, and retention of proceeds of crime, also contrary to Sections 409 and 285 of the Criminal Law of Lagos State, 2011.
One of the counts against Mathew alleges:
“That you, ADETUNJI MATHEW TEMIDAYO, sometime between 2024 and 2025 in Lagos, within the jurisdiction of this Honourable Court, while being the accountant of God’s Touch Apartment and Hotels, dishonestly converted to your own use an aggregate sum of N64,764,830 (Sixty-Four Million, Seven Hundred and Sixty-Four Thousand, Eight Hundred and Thirty Naira), property of God’s Touch Apartment and Hotels.”
Another count against Olaomo reads:
“That you, VICTOR DAMILARE OLAOMO, sometime between 2024 and 2025 in Lagos, within the jurisdiction of this Honourable Court, while being the accountant of God’s Touch Apartment and Hotels, dishonestly converted to your own use the sum of N26,082,400 (Twenty-Six Million, Eighty-Two Thousand, Four Hundred Naira), property of God’s Touch Apartment and Hotels.”
For Ikwugwu, one of the charges states:
“That you, Douglas Agorom Ikwugwu, sometime in June 2025 in Lagos, within the jurisdiction of this Honourable Court, whilst being the Duty Manager at God’s Touch Apartment Hotel, dishonestly stole and converted to your own use an aggregate sum of N1,966,000 (One Million, Nine Hundred and Sixty-Six Thousand Naira), property of God’s Touch Apartment Hotel.”
The charge against Abiodun reads:
“That you, Arowolo Adeniyi Abiodun, sometime in June 2025 in Lagos, within the jurisdiction of this Honourable Court, whilst being the Auditor at God’s Touch Apartment Hotel, dishonestly stole and converted to your own use the sum of N1,500,000 (One Million, Five Hundred Thousand Naira), property of God’s Touch Apartment Hotel.”
All defendants pleaded not guilty to the charges when they were read to them.
Prosecuting counsel, B. M. Isah and U. S. Kyari, prayed the court for trial dates and requested that the defendants be remanded in a Correctional facility pending trial. They also confirmed that Mathew had filed a bail application.
Counsel to Mathew, I. A. Salau, did not oppose the scheduling of trial dates and urged the court to grant bail on liberal terms.
Justice Okunuga ordered that Mathew and Olaomo be remanded in a Correctional facility and adjourned the matter to March 17, 2026, for the hearing of Mathew’s bail application.
Justice Abike-Fadipe adjourned the case involving Ikwugwu and Abiodun to March 16, 2026, for their bail application and set May 20, 2026, for the commencement of trial.