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

The arrest warrant obtained by Peoples Gazette was issued against Mr Davies on July 29, 2025.

The Gazette learnt that Mr Davies evaded arrest on two separate occasions earlier in August when the police went to his Abuja home in Wuse Zone 2 to effect his arrest.

When contacted on Wednesday by The Gazette for comments on why he had refused to submit himself to the police despite the subsisting court order, Mr Davies failed to provide a definite explanation.

The embattled businessman instead referred our correspondent to an entirely different court summons issued in Abuja on August 12, 15 days after the arrest warrant was issued against him in Zamfara on July 29.

“We filed a direct criminal complaint against the CEO of Ronchess — Mr Jackson before the magistrate court in Wuse 2, Abuja,” Mr Davies said. adding that “the magistrate court issued a summons against him and two of his management staff, one accepted the summons, but Jackson and one other rejected it.”

The court summons seen by The Gazette was dated August 12, 2025.

The Zamfara court’s warrant adds to Mr Davies’ mounting legal troubles. In June, the Economic and Financial Crimes Commission (EFCC) filed criminal proceedings against him and his firm, Signature Advisory Limited, in Lagos over allegations of large-scale theft.

In a statement, EFCC spokesperson Dele Oyewale said the Lagos Zonal Directorate 1 of the anti-graft agency arraigned Mr Davies and his firm before Justice Mojisola Dada of the Ikeja Special Offences Court, Lagos, on a one-count charge of stealing ₦190,791,494 belonging to Ronchess Global Resources Plc.

The charge read: “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.”

Mr Davies pleaded not guilty when the charge was read to him. Following his plea, prosecution counsel C.C. Okezie requested a trial date and prayed the court to remand the defendant in a correctional facility.

Defence counsel Ifeoma Esom, however, urged the court to grant bail on liberal terms.

Justice Dada subsequently admitted Mr Davies to N50 million bail with two sureties in like sum, one of whom must own landed property in Lagos.

The defendant was also ordered to deposit his international passport with the court, while the sureties must provide evidence of tax clearance.

Following his arraignment by the EFCC in June, he was remanded in the Kirikiri Correctional Facility until July. He was later released on bail following the commencement of the trial on July 7.

He is to be re-arraigned by the EFCC in October 2025.