A Lagos Special Offences Court sitting in Ikeja has convicted AAC Consulting Limited for stealing over ₦30 million belonging to contract staff of Chevron Nigeria Limited.
Justice Rahman Oshodi delivered the judgment on Friday, January 23, 2026, after finding the company guilty of unlawfully converting the sum of ₦30,564,635.81 for its own use.
The case was brought before the court by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC). AAC Consulting Limited was arraigned on January 12, 2026, on an amended one-count charge of stealing, contrary to the Criminal Code Law of Lagos State.
The trial originally began on June 5, 2023, when the company and its Managing Director, Anthony Adeoye, were docked on a 50-count charge bordering on stealing and issuing dishonoured cheques. Both defendants initially pleaded not guilty, leading to a full trial.
During the proceedings, EFCC counsel, I. O. Daramola, called two witnesses and tendered several documents, all of which were admitted in evidence by the court.
However, the case took a turn after the defendants repaid the full amount to the affected Chevron contract staff in December 2023. Following the repayment, the defendants changed their plea to guilty, prompting the EFCC to amend the charge.
In the amended charge, AAC Consulting Limited admitted to dishonestly converting the funds on or about April 27, 2013, within the Ikeja Judicial Division.
Justice Oshodi, after reviewing the facts and the guilty plea, convicted the company and ordered it to pay a fine of ₦5 million within 14 days. The court further ruled that failure to comply with the order would result in the winding up of the company.