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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LASG DIVERTS TRAFFIC ON AKIN ADESOLA STREET IN VICTORIA ISLAND FOR BMW’s AUTOFEST. (PHOTO). #PRESS RELEASE.

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 LASG DIVERTS TRAFFIC ON AKIN ADESOLA STREET IN VICTORIA ISLAND FOR BMW’s AUTOFEST


The Lagos State Government has announced a road closure on Akin Adesola’s Street, Victoria Island for the Bavarian Motor Works outdoor show (BMW’s AUTOFEST), scheduled to hold on Sunday, 15th December, 2024, between 12:00 noon and 7:00 pm.


Motorists are enjoined to use alternative routes as follows:


Motorists from Falomo inward Ahmadu Bello on Akin Adesola Street are urged to turn right into Adeola Odeku to link Eletu Ogabi Street to access Kasumu Ekemode Street to Bishop Oluwole Street to connect Akin Adesola Street and continue their journeys.


Motorists from Ahmadu Bello Way to Falomo Bridge via Akin Adesola Street are implored to turn right and connect Karimu Kotun Street to link Sanusi Fafunwa Street to access Akin Adesola for a desired destination.


Motorists from Adeola Odeku inward Falomo Bridge should connect Akin Olugbade U-Turn on a contraflow to link Akin Adesola Street to continue their journeys.


However, Motorists from Adeola Odeku inward Ahmadu Bello will have a through movement.


ADVISORY: Motorists are implored to be patient as the Traffic Management Personnel will be on the diversion corridors to ease movement.


Mr. Oluwaseun Osiyemi,


Lagos State Commissioner for Transportation

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