The Economic and Financial Crimes Commission (EFCC) has successfully secured the conviction of AAC Consulting Limited for the unlawful conversion of N30.56 million belonging to contract staff of Chevron Nigeria Limited.
The judgment was delivered on Friday, January 23, 2026, by Justice Rahman Oshodi of the Special Offences Court in Ikeja, Lagos, the anti-graft agency said in a statement.
According to the EFCC, the case relates to offences committed in 2013, involving the diversion of funds meant for Chevron’s contract employees. AAC Consulting Limited was arraigned on January 12, 2026, on an amended one-count charge of stealing, contrary to Section 285(1) of the Criminal Code, Laws of Lagos State, 2011.
The amended charge accused the company of dishonestly converting N30,564,635.81 belonging to Chevron’s contract staff for its own use within the Ikeja Judicial Division.
The EFCC explained that the trial began on June 5, 2023, when the company and its Managing Director, Anthony Adeoye, were initially docked on a 50-count charge bordering on stealing and issuance of dud cheques. Both defendants had pleaded not guilty, leading to a full trial.
During the proceedings, the prosecution, led by I.O. Daramola, presented two witnesses and tendered several documents, all of which were admitted as exhibits by the court.
In December 2023, the defendants refunded the full sum to the petitioner and subsequently changed their plea from not guilty to guilty, prompting the EFCC to amend the charge to a single count of stealing against the company.
At the resumed hearing on Friday, Justice Oshodi found AAC Consulting Limited guilty as charged and convicted the firm. The court imposed a fine of N5 million, to be paid within 14 days, warning that failure to comply would result in the winding up of the company.
