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...

SEUN KUTI REACTS TO CALLS TO FREE VDM. (PHOTO).


 Seun Kuti reacts to calls to free VDM


Nigerian singer and Saxophonist, Seun Kuti, says VDM’s arrest was as a result of his previous controversy with a gospel singer. Nigerian cuisine

VDM’s arrest in Abuja has sparked controversy online with several notable celebrities calling for his release.

Seun Kuti in a video stated that his claim is as a result of the conversation he had with VDM’S lawyer, Deji Adeyanju.

“VDM’s lawyer is my lawyer, and we’re currently entangled in a case with GTB and other banks.

“There’s no bank in Nigeria that’s a good bank,” Seun stated. Nigerian cuisine

Seun Kuti also claimed that VDM was a target of religious bodies and authorities.

“As Federal government is running our country, all these big pastors dey run Nigeria. The people of God are the ones fighting VDM for speaking the truth,” he said.

While advocating for his release, Seun emphasized that religious bodies are the ones fighting against VDM.

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