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...

FIRE RAZES EBUTE ERO MARKET IN LAGOS. (PHOTO).


 Fire Razes Ebute Ero Market in Lagos


The Lagos State Fire and Rescue Service has successfully contained the fire that broke out at Ebute Ero Market, near the Police Station adjacent to Carter Bridge, Lagos Island, in the early hours of today, Saturday, November 30, 2024.


The fire, which raged overnight, was prevented from spreading beyond its point of origin as a result of the swift response of Lagos firefighters from the Ebute Elefun, Dolphin, Sari-Iganmu, and Alausa stations. Their effective management of the situation minimized further damage.


While the fire has been extinguished, it resulted in the loss of several lock-up shops within the bungalow structures that trade in various tools and kitchenwares.


As the operation winds down with mop-up exercise, an enumeration is ongoing to determine the number of shops affected and the estimated value of the losses incurred. The investigation to uncover the exact cause of the fire is also being carried out. Fortunately, no casualties have been reported from the incident.

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