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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EFCC ARRESTS AUDITOR, CASHIER FOR ALLEGED N275M FRAUD IN UYO. (PHOTO). #PRESS RELEASE

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 EFCC Arrests Auditor, Cashier for Alleged N275m Fraud in Uyo


Operatives of the  Uyo Zonal Directorate of the Economic and Financial Crimes Commission EFCC, have arrested Sylvanus Edet Akpan, Auditor of Ubotex Limited, Uyo  and Akaninyene Enefiok Achibong,   Cashier,  for alleged criminal conspiracy, breach of trust, forgery and stealing by conversion to the tune of N275,000,000 (Two Hundred and Seventy Five Million Naira only).


 They were arrested separately  on April 25, 2025 and May 12, 2025 in Uyo, Akwa Ibom State. 


Their arrest was based on the claims of a petitioner who alleged that the duo manipulated the accounts of Ubotex Limited and fraudulently stole N275m from the company.  


 The petitioner allegedly employed the services of an external Auditor to review and audit  the financial activities of the company between 2021 and 2025 and discovered that the  suspects conspired and falsified account books and  defrauded the company of N275m by generating fictitious payment vouchers.


The auditors found out that the suspects also forged signatures of scheduled staff members saddled with various responsibilities and used the same to steal funds from the company.  The petitioner suspected that N200m was allegedly stolen by the suspects but when the external auditors completed their reviews, they discovered that N275m was actually stolen by the suspects.


  Both suspects admitted to the crimes and will be charged to court soon.

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