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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KENYA'S PRESIDENT RUTO RETURNS SEVERAL SACKED MINISTERS. (PHOTO).

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 Kenya's President Ruto returns several sacked ministers


Kenyan President William Ruto on Friday re-appointed several members of the cabinet he sacked last week to a new government that he said would respond to the grievances of young protesters.


In a televised address, Ruto announced 11 appointments to what he had promised would be a broad-based unity government. He said other nominations would follow soon, TRT Afrika reported.


The mass firing last week was a concession to demands from youth-led protests that had already forced him to withdraw $2.7 billion in proposed tax hikes.


Ruto re-appointed Kithure Kindiki as interior minister, Aden Duale as defence minister, Alice Wahome as land minister and Soipan Tuya as environment minister. He also changed the portfolios of two other ministers.


'BETRAYAL OF PEOPLE'


Shortly before the president’s announcement, opposition coalition members on Friday distanced themselves from the proposal to form a broad-based government, calling it a “betrayal of the Kenyan people, particularly Gen Zs and millennials,” who have been leading the protests calling for change.


Opposition figure Kalonzo Musyoka called the Cabinet change “cosmetic,” saying nothing will change as long as the Ruto administration is in office.


He said that any opposition party joining the broad-based government will be doing so as an individual party and not as the opposition coalition.


The protests have resulted in more than 50 deaths since mid-June and left Ruto caught between pressure from lenders to pay down high debts and a public reeling from high living costs.

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