EFCC ARRAIGNS INTERMEDIATE INVESTMENT HOLDINGS BOSS, UFOMA IMMANUEL FOR ALLEGED $1.5M INVESTMENT FRAUD IN LAGOS. (PHOTO). #PRESS RELEASE.

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 EFCC Arraigns Intermediate Investment Holdings Boss, Ufoma Immanuel for Alleged $1.5m Investment Fraud in Lagos The Economic and Financial Crimes Commission, EFCC, on Wednesday, March 11, 2026, arraigned one Ufoma Joseph Immanuel for an alleged $1.5m fraud before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos.  Immanuel, alongside his company, Intermediate Investment Holdings Ltd., was arraigned on a two-count charge bordering on obtaining by false pretence and forgery. Count one reads: “UFOMA JOSEPH IMMANUEL and INTERMEDIATE INVESTMENT HOLDINGS LIMITED between April 2022 and October 2023 in Lagos,  within the jurisdiction of this Honourable Court, with intent to defraud, induced Adebisi Adebut of R28 Holdings Limited to deposit the total sum of S1, 500, 000.00 (One Million, five Hundred Thousand United States Dollars USD) as investment described as to wit: "Cash and or Capital Cost in Chappal Petroleum Development Company Limited; Business D...

SUPREME COURT NULLIFIES RIVERS LG ELECTION, DECLARES IT INVALID. (PHOTO).


 Supreme Court Nullifies Rivers LG Election, Declares It Invalid


The Supreme Court on Friday ruled that the local government election held in Rivers State on October 5, 2024, was invalid, illegal, null, and void. The election, won by the All Peoples Party (APP), was annulled due to non-compliance with legal requirements.


Delivering the lead judgment, Justice Jamilu Tukur stated that the Rivers State Electoral Commission disregarded essential legal procedures, violating Section 150 of the Electoral Act 2022.


Prior to the election, an Abuja Federal High Court had, on September 30, 2024, barred the Independent National Electoral Commission (INEC) from providing the Rivers State Independent Electoral Commission (RSIEC) with the voters’ register for the election. The court also prohibited the Inspector General of Police (IGP) and the Department of State Services (DSS) from providing security for the polls.


Justice Peter Lifu, who delivered the Federal High Court ruling, stated that RSIEC acted unlawfully by setting the election date for October 5, 2024, without adhering to necessary legal provisions.


Key violations cited include:

Failure to publish the mandatory 90-day election notice as required by law.

Inadequate update and revision of the voters’ register before setting an election date.


As a result, the court ordered INEC not to release the certified voter register until all legal requirements were fulfilled. It also barred RSIEC from using any voter register for the election.

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