Court has issued arrest warrant against Businessman Samson Davies amid ongoing legal battles.
NewsOnline Nigeria reports that Magistrate Court in Gusau, Zamfara State, has issued a warrant of arrest for Samson Davies, the founder of Signature Advisory Limited, over allegations of misappropriation, criminal breach of trust, and defamation.
The warrant, dated July 29, 2025, was contained in certified court records obtained by journalists. Law enforcement sources confirmed that attempts were made in early August to execute the order at Davies’ residence in Wuse Zone 2, Abuja, but he was not found.
When contacted, Davies declined to directly address the Zamfara warrant, instead pointing to a separate summons reportedly issued by an Abuja court on August 12 two weeks after the Zamfara order.
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This latest development adds to a string of legal challenges facing the businessman.
In June 2025, the Economic and Financial Crimes Commission (EFCC) filed a criminal charge against Davies and his firm, Signature Advisory Limited, before the Special Offences Court in Ikeja, Lagos.
According to EFCC spokesperson Dele Oyewale, the Lagos Zonal Directorate I arraigned Davies on a one-count charge of allegedly converting ₦190,791,494 belonging to Ronchess Global Resources Plc for personal use.
The charge sheet read in part:
“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 ₦190,791,494 (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 when arraigned before Justice Mojisola Dada. While EFCC counsel C.C. Okezie requested that he be remanded pending trial, 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 must own landed property in Lagos, while Davies was directed to deposit his international passport with the court. Both sureties were also required to present valid tax clearance certificates.
Following his arraignment, Davies was remanded at Kirikiri Correctional Facility until July 2025, when he was released upon meeting his bail conditions. His trial is scheduled to resume in October 2025.
