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...

FOUNDER OF FASHION CHAIN MANGO DIES IN ACCIDENT AGED 71.(PHOTO).


 Founder of fashion chain Mango dies in accident aged 71


Isak Andic, the billionaire founder of high street fashion chain Mango, died in an "accident" on Saturday, according to the company.

Spanish media reported the 71-year-old fell down a ravine to his death while hiking in a mountain range outside Barcelona. 

His son was at the scene of the accident, according to the El Pais newspaper.

The Turkish-born businessman founded Mango in Barcelona in 1984 and the chain now operates in 120 countries. Forbes estimated Andic's net worth to be $4.5bn.

Mango CEO Toni Ruiz said in a statement: "His departure leaves a huge void but all of us are, in some way, his legacy and the testimony of his achievements. 

"It is up to us, and this is the best tribute we can make to Isak and which we will fulfill, to ensure that Mango continues to be the project that Isak aspired to and of which he would feel proud."

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