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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SENATE ORDERS INEC TO CONDUCT BY-ELECTIONS IN EDO CENTRAL AND ANAMBRA SOUTH. (PHOTO).

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The Senate has directed the Independent National Electoral Commission (INEC) to conduct by-elections to fill the vacant seats in Edo Central and Anambra South Senatorial Districts.


Senate President Godswill Akpabio made the announcement during plenary on Tuesday, officially declaring the vacancies.


The Edo Central seat has been vacant since December 2024, when Monday Okpebholo was inaugurated as Governor of Edo State. Similarly, the Anambra South seat has remained unoccupied since the passing of Senator Ifeanyi Ubah in July 2024.


INEC had earlier stated that it was awaiting a formal request from the Senate before proceeding with a by-election for Anambra South.


With both senatorial districts currently unrepresented in the upper legislative chamber, Akpabio urged INEC to conduct the elections to restore representation for the affected constituencies.

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