EFCC ARRAIGNS INTERMEDIATE INVESTMENT HOLDINGS BOSS, UFOMA IMMANUEL FOR ALLEGED $1.5M INVESTMENT FRAUD IN LAGOS. (PHOTO). #PRESS RELEASE.

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 EFCC Arraigns Intermediate Investment Holdings Boss, Ufoma Immanuel for Alleged $1.5m Investment Fraud in Lagos The Economic and Financial Crimes Commission, EFCC, on Wednesday, March 11, 2026, arraigned one Ufoma Joseph Immanuel for an alleged $1.5m fraud before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos.  Immanuel, alongside his company, Intermediate Investment Holdings Ltd., was arraigned on a two-count charge bordering on obtaining by false pretence and forgery. Count one reads: “UFOMA JOSEPH IMMANUEL and INTERMEDIATE INVESTMENT HOLDINGS LIMITED between April 2022 and October 2023 in Lagos,  within the jurisdiction of this Honourable Court, with intent to defraud, induced Adebisi Adebut of R28 Holdings Limited to deposit the total sum of S1, 500, 000.00 (One Million, five Hundred Thousand United States Dollars USD) as investment described as to wit: "Cash and or Capital Cost in Chappal Petroleum Development Company Limited; Business D...
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FLOOD: LAGOS MISCREANTS CHARGE PASSERSBY N100 TO USE MAKESHIFT BRIDGE. (VIDEO/PHOTO).

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 Flood: Lagos Miscreants Charge Passersby N100 To Use Makeshift Bridge


Some miscreants have been arrested by officials of the Lagos State Government for allegedly charging residents N100 to access a makeshift bridge along the Lagos-Badagry Expressway.

It was gathered that the  incident occurred at the Tradefair under bridge following the flood which submerged a major part of Lagos.

A 54-second clip showed how some hoodlums were extorting residents before they could access an alternate route at the Tradefair under bridge.


Some residents also blamed the development on the ongoing construction company  along Lagos Badagry expressway.


“This is Tradefair underbridge, pay N100 before you can take the passage. And we have a President in this country. Look at their faces,” a woman’s voice in the clip said.

Meanwhile, the Commissioner for Environment, Tokunbo Wahab, said the miscreants had been arrested by the operatives of Lagos State Environmental Sanitation Corps.

Wahab on his X handle said the suspects would be duly prosecuted.

“Following a complaint made by @ARISE0214, miscreants charging people for using the makeshift crossover bridge at Tradefair this morning (Wednesday) have been arrested by the operatives of the Lagos State Environmental Sanitation Corps @LAGESCOfficial.

“They will be prosecuted according to the law,” he posted.

Watch video below. 



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