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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OLUBUNMI FAMILONI AWARD NLNG'S $100, 000 LITERATURE PRIZE FIR "THE ROAF DOES NOT END".(PHOTO).

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 Olubunmi Familoni Awarded

NLNG's $100,000 Literature Prize for "The Road Does Not End"


Nigerian author Olubunmi Familoni has been awarded the prestigious 2024

NLNG Prize for Literature for his novel The

Road Does Not End. The announcement was made during an award night at Eko Hotel, Lagos, where Familoni secured the coveted $100,000 NLNG Prize for Literature 2024


Emerging victorious from a remarkable 162 entries, The Road Does Not End triumphed over two other finalists: Ndidi Chiazor-Enenmo’s A Father’s Pride and Uchechukwu Peter Umezurike’s Wish Maker. 

The novel tells the poignant story of Rilwan, a young orphan grappling with loss and searching for his identity. Rilwan’s life takes an unexpected turn when he discovers Fuji music and finds mentorship under his boss, Pepper, adding a rich layer of hope and resilience to his journey.


This year’s competition spotlighted children’s literature, celebrating works that inspire and shape young minds. The advisory board lauded Familoni’s novel for its masterful storytelling, meticulous editing, and impactful themes. They highlighted how The Road Does Not Endaddresses the pressing issue of child labor while exploring themes of resilience and the importance of human connections.


“The book emphasizes the need for continuous self-improvement and the significance of relationships in overcoming adversity,” they noted.


In addition to Familoni’s triumph, the event also recognized the joint winners of the Prize for Science: Olajide Otitoju, Meihong Wang, and Eni Oko.


During the awards ceremony, Philip Mshelbila, CEO of NLNG, reaffirmed the company’s commitment to shaping a better future through intentional actions. “In NLNG, we acknowledge the divine and recognize that while we may not possess ultimate control of the future, our actions can influence the outcomes of tomorrow,” he stated.

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