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...
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GOV. SANWO-OLU MOURNS SENATOR IFEANYI UBAH. (PHOTO). #PRESS RELEASE.

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 GOVERNOR SANWO-OLU MOURNS SENATOR IFEANYI UBAH



Lagos State Governor, Mr. Babajide Sanwo-Olu describes the death of Senator Ifeanyi Ubah as shocking and a great loss to the country, his home State of Anambra and Lagos, where the deceased established most of his businesses.


The Governor describes the late Ifeanyi Ubah as an astute businessman and politician, who contributed his quota towards nation-building as representative of his people in the Red Chamber of the National Assembly.


Governor Sanwo-Olu expresses his heartfelt condolences to the immediate family of the deceased, his friends, colleagues and associates, especially the good people of Anambra South on the loss of their illustrious son.


The Governor also commiserates with President of the Senate, Dr. Godswill Akpabio, all the distinguished Senators and the entire National Assembly and the Governor of Anambra State, Professor Charles Soludo, over the unfortunate demise of Senator Ubah.


He prays for the repose of the soul of the dead and for God to grant the family the fortitude to bear the irreparable loss.

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