The Economic and Financial Crimes Commission (EFCC) has secured the conviction of AAC Consulting Limited for unlawfully converting ₦30.56 million belonging to contract staff of Chevron Nigeria Limited.
The conviction was delivered on Friday, January 23, 2026, by Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, according to a statement issued by the anti-graft agency.
The EFCC said the case arose from offences committed in 2013, involving the diversion of funds meant for Chevron’s contract employees.
AAC Consulting Limited was arraigned on January 12, 2026, by the EFCC’s Lagos Zonal Directorate 1 on an amended one-count charge of stealing, contrary to Section 285(1) of the Criminal Code, Laws of Lagos State, 2011.
The charge stated that the company dishonestly converted ₦30,564,635.81 belonging to contract staff of Chevron Nigeria Limited for its own use within the Ikeja Judicial Division.
Trial proceedings initially commenced on June 5, 2023, when the company and its Managing Director, Anthony Adeoye, were arraigned on a 50-count charge bordering on stealing and issuance of dud cheques. Both defendants pleaded not guilty, leading to a full trial.
During the trial, the prosecution, led by I.O. Daramola, called two witnesses and tendered documentary evidence, all of which were admitted by the court.
The EFCC disclosed that in December 2023, the defendants refunded the full amount to the petitioner and subsequently changed their plea to guilty. Following the repayment, the Commission amended the charge to a single count against the company.
At the resumed hearing, Justice Oshodi found AAC Consulting Limited guilty and convicted the firm accordingly.
The court imposed a fine of ₦5 million, payable within 14 days, warning that failure to comply would result in the winding up of the company.
