Court issues arrest warrant for businessman Samson Davies

A Magistrate Court in Gusau, Zamfara State, has issued a warrant of arrest for businessman Samson Davies, founder of Signature Advisory Limited, over allegations of misappropriation, criminal breach of trust, and defamation.

The warrant, dated July 29, 2025, is contained in certified court records. According to law enforcement officials, an attempt was made in early August to execute the order at Davies’ Abuja residence in Wuse Zone 2, but it was unsuccessful.

Davies has not directly addressed the Zamfara proceedings. Instead, he pointed to a separate summons reportedly issued by an Abuja court on August 12, two weeks after the Zamfara warrant was signed.

The latest order compounds Davies’ legal troubles. In June, the Economic and Financial Crimes Commission (EFCC) filed a criminal charge against him and Signature Advisory Limited before the Special Offences Court in Ikeja, Lagos.

EFCC spokesperson Dele Oyewale said Davies was arraigned alongside his company before Justice Mojisola Dada on a one-count charge of allegedly converting ₦190.7 million belonging to Ronchess Global Resources Plc.

According to the charge sheet, the offence was committed between October 2022 and October 2023. Davies pleaded not guilty.

Prosecution counsel C.C. Okezie urged the court to remand him in custody, while defence lawyer Ifeoma Esom requested bail. Justice Dada granted bail in the sum of ₦50 million with two sureties, one of whom must own landed property in Lagos. Davies was also ordered to deposit his international passport with the court, and the sureties were required to show evidence of tax clearance.

Court records show that Davies was remanded at the Kirikiri Correctional Facility until July, when he met the bail conditions. His trial is scheduled to continue in October 2025.