Court Sentences Lagos Company Over N30.5m Theft from Chevron Contract Staff

Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, on Friday, January 23, 2026, convicted a company, AAC Consulting Limited, for stealing the sum of ₦30,564,635.81 belonging to contract staff of Chevron Nigeria Limited.
 
The company was arraigned by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) on January 12, 2026 on an amended one-count charge bordering on stealing, contrary to Section 285(1) of the Criminal Code, Cap 34, Vol. 44, Laws of Lagos State, 2011.
 
The trial had commenced on June 5, 2023, when AAC Consulting Limited and its Managing Director, Anthony Adeoye, were arraigned before the court on a 50-count charge bordering on stealing and issuance of dud cheques. 
 
The defendants had initially pleaded “not guilty” prompting the commencement of full trial.
 
During the trial, prosecuting counsel, I. O. Daramola called two witnesses who testified for the prosecution and tendered several documents, which were admitted in evidence and marked as exhibits by the court.
 
However, following the repayment of the full sum to the petitioner in December 2023, the defendants changed their plea from “not guilty” to “guilty.” 
 
Consequently, the EFCC amended the charge, and the company pleaded “guilty” to the one-count charge of stealing.
 
The charge reads:
“That AAC Consulting Limited, on or about 27th April 2013, at Lagos, within the Ikeja Judicial Division, dishonestly converted to its own use the aggregate sum of ₦30,564,635.81 (Thirty Million, Five Hundred and Sixty-Four Thousand, Six Hundred and Thirty-Five Naira, Eighty-One Kobo), property of contract staff of Chevron Nigeria Limited.”
 
During the proceedings on Friday, January 23, 2026, Justice Oshodi found the company guilty and convicted it accordingly. 
 
The court also ordered the company to pay a fine of ₦5 million within 14 days, failing which it will be wound up.