A Magistrate Court in Gusau, Zamfara State, has issued a warrant for the arrest of businessman Samson Davies, founder of Signature Advisory Limited, in connection with allegations of misappropriation, criminal breach of trust, and defamation.
The warrant, dated July 29, 2025, was contained in certified court records.
According to law enforcement officials familiar with the matter, efforts were made in early August to execute the warrant at Mr Davies’ Abuja residence in Wuse Zone 2 to no avail.
When asked to respond, Davies did not directly address the Zamfara proceedings but instead referred to a separate summons reportedly issued by an Abuja court on August 12, two weeks after the Zamfara warrant was signed.
The arrest order adds to a series of pending legal issues involving the businessman.
In June, the Economic and Financial Crimes Commission, EFCC, announced that it had filed a criminal charge against Davies and his company, Signature Advisory Limited, before the Special Offences Court in Ikeja, Lagos.
According to EFCC spokesperson Dele Oyewale, the Lagos Zonal Directorate 1 of the commission arraigned Davies and his firm before Justice Mojisola Dada on a one-count charge bordering on alleged dishonest conversion of ₦190,791,494 belonging to Ronchess Global Resources Plc.
The charge sheet stated: “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 allegation. Following his plea, EFCC counsel C.C. Okezie asked the court to remand him in custody pending trial.
Defence counsel Ifeoma Esom, however, requested bail on liberal terms.
Justice Dada subsequently granted bail in the sum of N50 million with two sureties in like sum.
One of the sureties was required to own landed property in Lagos, and the defendant was directed to deposit his international passport with the court.
The sureties were also ordered to produce evidence of tax clearance.
Court records further indicated that following his arraignment, Davies was remanded at Kirikiri Correctional Facility in Lagos until July, when he was released upon meeting the bail conditions. The trial was adjourned to October 2025 for continuation of proceedings.
