A Magistrate Court in Gusau, Zamfara State, has issued an arrest warrant for Samson Davies, founder of Signature Advisory Limited, over allegations of defamation.
The warrant, dated July 29, 2025, was referenced in certified court documents.
According to law enforcement sources familiar with the matter, attempts were made in early August to execute the warrant at Mr. Davies’ residence in Wuse Zone 2, Abuja, but were unsuccessful.
When contacted for a response, Davies did not address the proceedings in Zamfara directly. Instead, he pointed to a separate summons, reportedly issued by a court in Abuja on August 12—two weeks after the Zamfara warrant was signed.
The arrest order adds to a growing list of legal challenges facing the businessman.
In June, the Economic and Financial Crimes Commission (EFCC) filed a criminal charge against Davies and his firm, Signature Advisory Limited, at the Special Offences Court in Ikeja, Lagos.
EFCC spokesperson Dele Oyewale stated that the commission’s Lagos Zonal Directorate 1 had arraigned Davies and his company before Justice Mojisola Dada on a single count of dishonest conversion involving ₦190,791,494 belonging to Ronchess Global Resources Plc.
The charge sheet reads: “That you, Samson Davies and Signature Advisory Limited, sometime between October 2022 and October 2023, in Lagos, within the jurisdiction of this Honourable Court, dishonestly converted to your own use the aggregate sum of N190,791,494 (One Hundred and Ninety Million, Seven Hundred and Ninety-One Thousand, Four Hundred and Ninety-Four Naira), property of Ronchess Global Resources Plc.”
Davies pleaded not guilty to the charge. Following his plea, EFCC counsel C.C. Okezie requested that he be remanded pending trial.
However, defence counsel Ifeoma Esom applied for bail on liberal terms.
Justice Dada granted bail in the sum of ₦50 million, with two sureties in like sum. One surety was required to own landed property in Lagos, and Davies was ordered to deposit his international passport with the court. The sureties were also required to present evidence of tax clearance.
Court records indicate that Davies was remanded at Kirikiri Correctional Facility following his arraignment and was later released in July after meeting the bail conditions. The matter was adjourned to October 2025 for continuation of trial.