ALLEGED $1.5M FRAUD: WITNESS TELLS COURT FUNDS CAME INTO DEFENDANT’S ACCOUNT IN MULTIPLE TRANCHES. (PHOTO). #PRESS RELEASE

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 Alleged $1.5m Fraud:   Witness Tells Court Funds Came into Defendant’s Account in Multiple Tranches The Economic and Financial Crimes Commission (EFCC) on Monday, June 29, 2026, presented its third prosecution witness (PW3), Levi Amanda Opice, a Compliance Officer with Guaranty Trust Bank (GTBank), in the ongoing trial of Ifoma Immanuel before Justice Mojisola Dada of the Lagos State Special Offences Court, Ikeja, over an alleged $1.5 million fraud. Immanuel is standing trial alongside his company, Intermediate Investment Holdings Limited, on a two-count charge bordering on obtaining money by false pretence and forgery involving the sum of $1.5 million. According to the EFCC, investigations revealed that the defendant allegedly induced Adebisi Adebutu of R28 Holdings Limited to invest $1.5 million by claiming that the funds would be used to finance projects linked to Chappal Petroleum Development Company Limited, Intermediate Investment Holdings Limited, and Chappal Ener...

RED LINE RAIL PROJECT: LASG TO DIVERT TRAFFIC AT KAYODE OGUNMOKUN ROAD, MUSHIN FOR SIX WEEKS.{PHOTO}.#PRESS RELEASE.

In continuation of the first phase of the Lagos Red Line Rail Mass Transit project (Oyingbo-Agbado), the Lagos State Government will divert traffic at Kayode Ogunmokun Road in Mushin for a period of six weeks commencing from 7th November until 31st December, 2021.


A statement signed by the Commissioner for Transportation, Dr. Frederic Oladeinde, noted that the diversion is a part of the traffic management plan for the construction of the Mushin Overpass, adding that the middle lanes will be cordoned off for construction work to ensure the safety of Lagosians.


Oladeinde further explained that motorists will be diverted to the lanes on both sides of the road to minimise inconvenience, assuring that signs will be mounted and Traffic Management Personnel deployed to guide movement during the course of the construction works.


Reiterating the continuous commitment of Governor Babajide Sanwo-Olu led administration towards the development of efficient transport infrastructure within the metropolis, the Commissioner maintained that a Multi-Modal Transportation System will boost the socio-economic development of the citizenry and the State.

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