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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UGANDA PRESIDENT'S SON RULES OUT BID TO SUCCEED FATHER IN NEXT POLLS. (PHOTO).

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 Uganda president's son rules out bid to succeed father in next polls


Ugandan President Yoweri Museveni's son, who had said he would run in the 2026 presidential election, announced on Saturday he would not stand and would back his father instead, AFP reported.


Museveni, 80, has been in power since 1986. Many in the East African nation saw his son, Muhoozi Kainerugaba, the head of the Ugandan defence forces, as his successor.


"I would like to announce that I will not be on the ballot paper in 2026. Almighty God told me to focus on His Army first," Kainerugaba said on X.


"So, I fully endorse President Yoweri Museveni in the next elections."


Museveni has not said explicitly if he will seek a seventh term.


"No civilian will lead Uganda after President Museveni. The security forces will not allow it. The next leader will be a soldier or policeman," Kainerugaba added.


Kainerugaba had said in an earlier post announcing his intention to contest the election that it was time for fresh blood in Ugandan politics.


The Sandhurst-trained soldier has had a meteoric rise in the armed forces.


Museveni has ruled Uganda since he toppled president Milton Obote in 1986.


He was re-elected for a sixth term in 2021 with 58 percent of the vote, according to official results which the opposition branded a masquerade.


The election campaign was marked by intimidation, arrests and led to more than 50 deaths.

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