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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EFCC SHOULD NOT BE SCRAPPED BUT STRENGTHENED-FINTIRI. (PHOTO).

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 EFCC should not be scrapped but strengthened – Fintiri


Anambra Governor Ahmadu Fintiri has said that the Economic and Financial Crimes Commission (EFCC) should not be scrapped but strengthened for better efficiency.


The Governor had earlier mentioned that he would decide whether to join the suit after reviewing it with his Attorney General.


However, reacting to a suit filed at the Supreme Court by 16 Governors challenging the legality of the laws establishing the commission, in an interview on Channels TV’s Hard Copy programme on Friday, Fintiri said it was not the right time to abolish the EFCC.


He said: “For me, it is not the right time to abolish the EFCC, whether it was established rightly or wrongly. We need to make it work better. We need to remove the politics that sometimes leads to claims of witch-hunting


He also criticised the practice of the Federal Government taking custody of funds seized from State fund embezzlement, calling it “a wrong practice.”

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