Samson Abayomi Davies, a former consultant with Ronchess Global Resources Plc, is facing trial for alleged fraud, breach of trust, and corporate sabotage.
Ronchess Global Resources Plc has since distanced itself from Davies, stating that he was sacked on November 23, 2023, after an internal investigation uncovered “serious financial misconduct.”
“Mr. Davies allegedly misappropriated company funds running into millions of naira, failed to account for several operational sums entrusted to him, and absconded without resolution,” the company said in a statement released on Friday.
The firm further alleged that Davies illegally duplicated and retained confidential company documents and assets, describing his actions as “not only unethical but also criminal.”
According to the statement, Samson Abayomi Davies has since launched a sustained blackmail and extortion campaign against Ronchess, allegedly orchestrating media smear efforts with stolen proprietary materials.
“He has been actively promoting defamatory posts across several media platforms to mislead the public, damage the company’s reputation, and cause economic sabotage,” it added.
Ronchess cautioned the public, stakeholders, and business partners to refrain from conducting any business with Davies under its name.
“He no longer represents Ronchess in any form. Any individual or organisation that chooses to conduct business with him in the name of Ronchess Global Resources Plc does so at their own risk,” the statement warned.
The company disclosed that the matter was escalated to the Economic and Financial Crimes Commission (EFCC), leading to Davies’ arrest in May 2025 and subsequent arraignment before Justice Mojisola Dada at the Special Offences Court in Ikeja, Lagos.
Court documents revealed that Davies was first arrested in December 2023, where he entered a plea deal admitting to owing N60 million and agreeing to a repayment plan. However, after paying an initial N5 million, he allegedly reneged on the agreement and instead launched a blackmail campaign against the company.
Davies is currently facing charges of stealing N190,791,494 from Ronchess and breach of trust. He pleaded not guilty when arraigned. Prosecutors sought a trial date and remand, while the defence applied for bail on liberal terms.
The judge granted bail of N50 million with two sureties of the same amount. One surety must own property in Lagos, and Davies was ordered to surrender his international passport to the court.
Pending the perfection of his bail conditions, he was remanded at the Nigerian Correctional Centre.