Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, on Friday, January 23, 2026, convicted 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, which began on June 5, 2023, initially involved AAC Consulting Limited and its Managing Director, Anthony Adeoye, who faced a 50-count charge bordering on stealing and issuance of dud cheques. Both defendants had pleaded “not guilty,” prompting a full trial.
Prosecuting counsel, I. O. Daramola, presented two witnesses and tendered several documents, which were admitted in evidence.
However, in December 2023, after the defendants repaid the full sum to the petitioner, they changed their plea to “guilty.” The EFCC subsequently amended the charge, and the company admitted guilt to the one-count charge of stealing.
The charge read: “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, property of contract staff of Chevron Nigeria Limited.
Delivering judgment, Justice Oshodi declared: “The company is hereby found guilty as charged and convicted accordingly.”
The court further ordered AAC Consulting Limited to pay a fine of ₦5 million within 14 days, failing which the company will be wound up.
Speaking after the ruling, an EFCC official noted: “This conviction underscores our commitment to ensuring accountability and justice in financial crimes.
